Oil companies hike prices

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Three oil firms have implemented oil price hikes effective 6:00 a.m. on Tuesday.

Two big oil companies, Petron Corporation and Shell Philippines, increased prices of gasoline by P1 per liter; 25 centavos per liter for kerosene; and 40 centavos for diesel.

Another industry player, Total Corporation, also implemented the same oil price adjustments except for kerosene products.

PTT Philippines increased the prices of its diesel and gasoline products effective 6:00 a.m. Tuesday.


In an advisory, the oil company said the price of its gasoline rose by P 1.00 per liter and diesel by P 0.40 per liter.

The oil companies said the oil price hike reflects movement in the international oil market.

According to the Department of Energy, as of February 4, prices of gasoline stood at P54.95 per liter while diesel at P44.85 per liter. PNA

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  1. Para sa Dept. of Energy,
    ANG GASOLINA, DIESEL AT KEROSENE….Buhat ng 4th quarter of year 2013 till last January year 2014, MAGKANO AT ILAN ARAW ITINAAS ANG PRESYO BAWAT LITRO? AT ILANG BESES AT ILAN ARAW INABOT ANG PAG-ROLL BACK (KUNO) NG PRESYO BAWAT LITRO? Hindi ba lalabas sa suma total, wala rin halos na-ibalik sa consumers at motorista?

    At this month of February 2014, MAGTATAAS NG PRESYO NG Php 1 sa gasolina, 0.40 ctvs sa disel at 0.25 ctvs sa kerosene. BILANGIN NINYO ILANG ARAW AABUTIN ANG ITINAAS NA HALAGA. AT BILANGIN DIN NINYO ILANG ARAW AABUTIN AT MAGKANO ANG SASABIHIN NILA NA MAG-ROLL BACK PRICE SILA !!!