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Oil prices to go up again tomorrow

Fuel station

After a slight sigh of relief last week, oil companies are back jacking up prices again as fuel values increase across the board starting tomorrow.

In their respective advisories, oil firms announced that they will be increasing the price of gasoline by P0.65 per liter, kerosene by P0.40 per liter and diesel by P0.30 per liter.

Oil firms Cleanfuel and Pilipinas Shell were the first to announce their increases, while other companies are expected to follow suit.

Station

Last week (July 7), gasoline went down by P0.65 per liter, kerosene dropped some P0.40, while no price movement was seen in diesel.

Since May 5, oil prices went up by at least P10 per liter for gasoline, P8 per liter for diesel, and P9 per liter for kerosene.

Also read:

Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH

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