ANOTHER round of oil-price increase is set to take effect this week.
In separate announcements, oil firms said they would hike gasoline products by a P0.80 per liter, diesel by P0.80 per liter and kerosene by P0.85 per liter. This is the fourth consecutive week of oil-price hike.
Seaoil, Caltex, Total, Phoenix, PTT, Shell said Monday afternoon that they will implement their price adjustment at 6 a.m. of Tuesday, September 21.
Cleanfuel, meanwhile, will adjust its prices at 4:01 p.m. Other oil companies are expected to implement the same price increase on Tuesday morning.
The latest price increase resulted to the year-to-date adjustments to stand at a total net increase of P14.55 per liter for gasoline, P12.05 per liter for diesel, and P9.7 per liter for kerosene.
Oil firms adjust their pump prices weekly to reflect movements in the world oil market.
Last week, gasoline prices increased by P0.40 per liter, diesel by P0.35 per liter and kerosene by P0.15 per liter.
Last September 7, oil firms raised gasoline prices by P0.50 per liter, diesel by P0.95 per liter, and kerosene by P0.60 per liter.
Last August 31, they implemented a P0.40 per liter hike in gasoline, P0.60 per liter for diesel, and P0.70 per liter for kerosene.
Meanwhile, Phoenix said it vaccinated 97 percent of its entire work force, with 60 percent fully inoculated.
The third-largest oil company in the country also said that there are 15 service stations served by fully vaccinated staff. The remaining purchased vaccines have been extended to dependents and families and even to third-party service providers, it added.
Phoenix has 680 service stations in all.
The oil firm said in a news statement that it has been proactive in promoting the country’s vaccination campaign among employees even before the arrival of its own procured vaccines.
In June, the company partnered with the Davao City government and the Department of Health Region 11 to host a five-day vaccination drive. Meanwhile, last month, the company’s retail team led an internal vaccination drive to encourage more Phoenix frontliners to register for their local government unit’s vaccination drive.
“As employers of a nationwide work force of five thousand, we have the responsibility to educate and share accurate and understandable information on the proven facts and benefits of vaccines,” said Phoenix’s Corporate Health, Safety and Environment head Ronaldo Ulep.
“Moving forward, Phoenix will remain vigilant. While there is still no way to predict the case of Covid-19 in the country, we will strive to maintain communications with our employees and support the government and the nationwide Covid-19 response any way we can,” he added.