Oil firms are raising fuel pump prices this week following last week’s price rollback.
In separate advisories, oil companies are increasing gasoline prices by P0.60 per liter, diesel by P0.20 per liter and kerosene by P0.55 per liter.
Pilipinas Shell, Petro Gazz, Seaoil and Cleanfuel said they will implement the price increases effective Tuesday, September 22 at 6 a.m. Other oil firms are expected to follow suit.
The latest of fuel price changes resulted in the total year-to-date adjustments to stand at a net decrease of P58.22 per liter for gasoline, P11.19 per liter for diesel and P15.94/liter for kerosene.
Last September 15, gasoline prices were reduced by P1 per liter, diesel by P1.55 per liter and kerosene by P1.45 per liter. Prior to that, they also reduced gasoline prices by P0.30 per liter, diesel by P0.45 per liter and kerosene by P0.55 per liter.
At the start of the month, they raised gasoline prices by P0.10 per liter but reduced diesel and kerosene prices by P0.10 per liter each.
They adjust their prices every week to reflect movements in the world oil market.