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Oil prices to increase anew

Fuel station

As Metro Manila approaches the end of the modified enhanced community quarantine, oil players are again set to increase  the prices of their products by the pump.

In their respective advisories, Cleanfuel and Pilipinas Shell will raise the prices of gasoline products by P0.60 per liter and diesel by P0.10 per liter.

However, Shell said that they will retain this week’s prices on kerosene.  

Other companies are expected to impose similar adjustments tomorrow.

Fuel station

The oil price movement came days after Pilipinas Shell announced the shutdown of the Tabangao refinery.

Last August 10, oil firms increased the price of gasoline by P0.25 per liter but reduced the prices of diesel and kerosene by P0.20 per liter and P0.35 per, respectively.

During the first day of MECQ this month, oil firms implemented across-the-board price slash of pump products.

Photo/s from Ruben D. Manahan IV

Also read:

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

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