Oil firms hike prices of diesel, kerosene anew


At least two oil companies has continued to raise the pump prices of fuel, the fourth movement for the month of February.

In its advisory on Monday evening, Pilipinas Shell and Petron Philippines would be raising the price of diesel by P.25 a liter and kerosene by P.15 a liter.

The two oil giants However said that prices of gasoline products would be retained.

The adjustments, Shell advised, would take effect by Tuesday at 6 AM.

Aside from the two oil giants, Seaoil Philippines and Total corporation also increased the price of its diesel and kerosene on Tuesday.

In an advisory, both oil company said the price of its diesel went up by P0.25 per liter and kerosene by P0.15 per liter.

There is no adjustment in the price of gasoline.

“This is to reflect movements in the international petroleum market,” the company said.

Last February 18-19, oil firms raised prices of gasoline products by P1 per liter, P.40 per liter on diesel and P.25 per liter on kerosene.

The adjustment, Phoenix Petroleum claimed, is to reflect the movements in the prices of refined petroleum products in the world market– would take effect 6am Wednesday.

Last February 11, oil firms cut the prices across-the-board by the pump, slashing P.50 per liter on gasoline , kerosene by P.25 per liter and diesel by P.20 per liter.

The previous week, they have also raised the prices of gasoline by P0.10 per liter, kerosene P0.30 per liter and diesel by P0.25 per liter.


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