Oil firms to hike pump prices October 29

Photo courtesy of Yancy Lim/PNA.

By Anna Leah Gonzales | Philippine News Agency

Oil firms will increase pump prices starting Tuesday.

In separate advisories on Monday, Seaoil, Caltex, and Shell will raise diesel and kerosene prices by P0.50 per liter.

They will also increase gasoline prices by P0.20 per liter.

Petro Gazz and Cleanfuel will also raise diesel prices by P0.50 per liter and gasoline by P0.20 per liter.

Last week, oil firms slashed gasoline prices by 50 centavos per liter, diesel by 70 centavos per liter, and kerosene by 85 centavos per liter.

Latest data from the Department of Energy showed that as of Oct. 15 this year, oil companies implemented an increase of P2.60 to P2.65 per liter for gasoline, P2.70 per liter for diesel, and P2.60 per liter for kerosene.

Year-to-date, total adjustment of gasoline and diesel stands at a net increase of P9.05 per liter and P6.75 per liter, respectively.

On the other hand, kerosene has a total net decrease of P2.75 per liter.

Popular

Palace: No holiday break for PBBM, key agencies during Holy Week

By Ruth Abbey Gita-Carlos | Philippine News Agency There will be no holiday break for President Ferdinand R. Marcos Jr. and key government agencies during...

PBBM: 131 Kalayaan Island features in Palawan, WPS to adopt local names

By Dean Aubrey Caratiquet In a move to assert sovereignty over the hotly contested islands and features in the West Philippine Sea (WPS), President Ferdinand...

DBCC to discuss oil excise tax this week —PBBM

By Brian Campued The Development Budget Coordination Committee (DBCC) is set to convene this week to discuss its assessment on the possible implementation of a...

Malacañang sets half-day WFH setup for gov’t offices on Holy Wednesday

By Brian Campued Malacañang on Tuesday directed government offices to implement work-from-home arrangement on Holy Wednesday, in light of the observance of Holy Week. In Memorandum...