Fuel companies to spike up gas prices; cut down diesel, kerosene

fuel pump dispenser

MANILA: Fuel companies in the Philippines will increase the prices of gasoline and reduce the cost of diesel tomorrow. 

KEY TAKEAWAYS

  • What adjustments will take place tomorrow?

    The price of gasoline will increase by P0.70 per liter while the price of diesel and kerosene will drop by P1.15 per liter and P0.90 per liter, respectively.The price of gasoline will increase by P0.70 per liter while the price of diesel and kerosene will drop by P1.15 per liter and P0.90 per liter, respectively.
  • When will changes take effect?

    The adjustment shall take effect tomorrow.
  • Based on their respective advisories Caltex, Cleanfuel, Petron, Phoenix Petroleum, Seaoil, Unioil will raise the retail price of gasoline products by P0.70 per liter.  Conversely, diesel will go down by P1.15 per liter. 

    Those that offer kerosene will slash P0.90 per liter on the aforementioned product.. 

    The aforementioned adjustments will be implemented tomorrow. 

    fuel pump Photo by Ruben Manahan IV

    The Department of Energy has released data, which details the prevailing retail prices of petroleum products as of today. Below is the said table: 

    Prevailing Retail Prices of Petroleum Products NCR

    Product

    Overall Range

    Common Price

    Gasoline (RON97/100)

    P55.45

    P75.60

    P72.43

    Gasoline (RON95)

    P53.25

    P77.27

    P70.10

    Gasoline (RON91)

    P52.55

    P67.65

    P60.95

    Diesel

    P52.00

    P65.50

    P58.95

    Diesel Plus 

    P58.60

    P75.85

    P72.10

    Kerosene

    P73.744

    P85.00

    P74.77

    Last week’s movement 

    Last week, local oil players reduced the price of fuel products. Below are the rollbacks implemented by fuel companies: 

    • Down P0.20 per liter (diesel)
    • Down P0.80 per liter (gasoline)

    Also read:

    Fuel price increases to continue this week

    Fuel price hikes not lower than P1/L to be implemented this week

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