Photo courtesy of Philippine News Agency (PNA).
Fuel companies announced another round of price increases on petroleum products, marking the third consecutive week of adjustments for diesel and kerosene.
Seaoil Philippines and Shell Pilipinas said Tuesday pump prices will go up by P0.30 per liter for gasoline, P0.20 for diesel, and P0.30 for kerosene.
Cleanfuel and Petro Gazz will implement similar hikes for gasoline and diesel, although they do not carry kerosene.
The increases take effect Tuesday, January 13, at 6 a.m. for most companies, while Cleanfuel’s adjustment begins at 4:01 p.m.
Other fuel retailers have not yet announced price changes for the week, leaving some uncertainty in the market.
The Department of Energy (DOE) had earlier projected potential rollbacks this week due to expectations of higher crude output from Venezuela and an ample global supply amid weak demand.
