Fuel Prices Surge as Oil Companies Announce New Hikes
Manila: Motorists will face another round of fuel price hikes this week, as oil companies announced increases due to rising international costs. According to Philippines News Agency, in separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT, Seaoil, and Shell said they will raise gasoline prices by PHP1.35 per liter and diesel prices by the same amount starting Tuesday (April 30). Caltex, Seaoil, and Shell also announced an increase in kerosene prices by PHP0.80 per liter. This marks the second consecutive week of pump price hikes. According to the Department of Energy (DOE), the latest adjustments are largely driven by supply concerns