Just as the July was opened with an across-the-board rollback, oil companies have cracked the second week by increasing pump prices.
In their separate advisories starting Monday midnight, Petron Philippines, Pilipinas Shell, Total Philippines and Chevron Philippines implemented pump price hike on gasoline by P.60 per liter and diesel by P.45 per liter.
Further, the known as “Big Three” oil firms have jacked up the price of kerosene by P.40 per liter as Total was yet to carry the product.
The adjustments took effect 6:00AM Tuesday.
According to Petron’s advisory, the latest price adjustment “reflects movements in the international oil market and the foreign exchange rate.”
For their part, Chevron said that movements is in accordance to the world oil market price.
Other conpanies have yet to announce their movements as of press time.
Last July 2, Petron has raised the prices of liquefified petroleum gas P2.50 per kilogram, translated in P27.50 addition per 11-kilo cylinder.
Also, Petron jacked up its autoLPG product, “Xtend” by P1.56 per liter.
It can be recalled that oil firms rolled back prices of gasoline products by P0.55 per liter, diesel by P0.45 per liter and kerosene by P0.65per liter.