Oil firms announced on Monday they are going to hike diesel and kerosene prices while gasoline prices will go down starting Tuesday morning.
Effective 6 a.m. of May 31, gasoline prices will go down by P1.70 per liter. Diesel meanwhile, will increase by P1.20 per liter, while a P2.45 per liter hike in kerosene will be implemented.
Seaoil, PTT, Petron, Shell, Total, Caltex, Phoenix, Unioil, and Cleanfuel announced the price adjustment on Monday.
Last week, gasoline prices went up by P3.95 per liter. On the other hand, diesel was slashed by P2.30 per liter and kerosene by P2.45 per liter. These resulted to the year-to-date adjustments to stand at a net increase of P25.55/liter for gasoline, P29.10/liter for diesel and P25.20/liter for kerosene.
Oil firms adjust their prices weekly to reflect movements in the world oil market.
Meanwhile, PTT said its Edsa Veterans retail station in Quezon City was named among the Top 10 Liquid Fuels Retail Outlets in the joint Department of Energy (DOE)-Angkas Near Real-Time Price Monitoring, a project aimed at providing consumers with accurate oil prices and information on quality services and facilities of gasoline stations in Metro Manila.
The joint DOE-Angkas project, initially implemented from July 12 to November 15 last year, facilitated the real-time monitoring of pump prices at individual stations via a mobile phone platform developed by the DOE. The second phase of the project started this month and will end in November.
The platform allowed Angkas riders to scan DOE quick response (QR) codes to report fuel prices to consumers, as posted in a specific retail outlet (RO). An assessment on the services and facilities of ROs had been included.
PTT Philippines identified some of its ROs in Metro Manila to be covered by the project. The PTT Edsa Veterans earned an outstanding mark during the program run and was cited for its product and service excellence.
DOE Assistant Director for Oil Industry Management Bureau (OIMB) Rodela Romero presented a plaque of appreciation and the seal of excellence to PTT Edsa Veterans in Quezon City during an awarding ceremony held recently at the station. -30-
Image credits: Nonie Reyes