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PUBLIC
motorists and households will have to pay more for fuel
when they refill their tanks, as oil companies have
increased the price of diesel and kerosene by P1.50 per
liter and liquefied petroleum gas (LPG) by P1 per kilo,
or P11 for an 11-kilo tank.
Chervon
Philippines Inc., Eastern Petroleum Corp., Petron Corp.,
Pilipinas Shell Petroleum Corp. Seaoil Philippines Inc.,
Total (Philippines) Corp. and Unioil Petroleum
Philippines Inc. increased the price of diesel, kerosene
and LPG on Saturday morning.
According to the Department of Energy (DOE), oil
benchmark Dubai crude averages $137.23 per barrel in
July from $127.82 per barrel in June.
The DOE
also noted that Mean of Platts Singapore (MOPS)-based
gasoline averages $144.12 per barrel in July from
$140.30 per barrel in June, while MOPS-based diesel
averages $176.86 per barrel in July from $169.36 per
barrel in May.
It added
that the price of LPG has also increased to $912.50 per
metric ton (MT) this month from $855.50 per MT in May
and $812 per MT in April. |
