Pump prices up by P1.55 per liter

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Consumers will face higher pump prices on October 11, Tuesday.

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In separate advisories on Monday, Pilipinas Shell Petroleum, Caltex, Seaoil, Flying V, Phoenix Petroleum, PTT Philippines and Unioil said they will raise both gasoline and diesel prices by P1.55 per liter.

Shell, Caltex, Seaoil and Flying V will increase kerosene prices by 85 centavos per liter.

Petron, Eastern Petroleum and Total are expected to make the same adjustments in their pump prices.
Pilipinas Shell, Phoenix, PTT, Unioil, Seaoil and Flying V said they will implement the price changes at 6 a.m. on Tuesday.

Flying V said its price changes will take effect at 12:01 a.m., also on Tuesday.

Department of Energy oil monitoring for Metro Manila as of October 4 showed that diesel prices ranged from P25.58 to P28.60 with a common price of P27.10; gasoline from P36.95 to P44.25 with a common price of P41.95; and LPG (liquefied petroleum gas) in P11-kilogram cylinder from P427 to P632.

The monitoring showed that gasoline had a net increase of P3.74 per liter for the year and diesel had a net hike of P5.48 per liter.

The latest price changes resulted from average price movements for the previous five trading days in the global markets.

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