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Oil companies to hike pump prices for 2nd time this month

fuel pump dispenser

Fuel companies on Monday announced that they will again implement another across-the-board price hike tomorrow (Tuesday, May 11, 2021)—almost doubling last week’s adjustment.

Based on their respective advisories, Petron, Pilipinas Shell, Caltex and Cleanfuel will jack up the price of gasoline products at the pump by ₱0.75 per liter and diesel by ₱0.70 per liter.

fuel pump

Aside from that, Petron and Caltex will also up the price of kerosene by ₱0.70 per liter.

Other fuel companies are expected to follow suit.

Last week (Tuesday, May 4), oil firms imposed a hike of ₱0.35 on the price of diesel, ₱0.20 per liter on gasoline, and ₱0.35 per liter on kerosene.

Photos from Ruben D. Manahan IV

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