Manila: Fuel prices are scheduled to rise again on Tuesday by as much as PHP2.70 per liter. In separate advisories Monday, Seaoil, PTT Philippines, and Jetti Petroleum said the price of their gasoline products will be hiked by PHP1.70 per liter and diesel by PHP2.70 per liter, effective 6 a.m. Seaoil also announced that the price of its kerosene will increase by PHP2.10 per liter.
According to Philippines News Agency, the same hikes will also be implemented by Caltex for gasoline, diesel, and kerosene, effective 6:01 a.m. “The adjustments reflect the movement on prices of refined fuel products, freight and market premiums in the international market,” Jetti Petroleum explained in its advisory.
This marks the fifth consecutive week of gasoline price increases amid supply issues, partly due to the United States’ sanctions on two Russian oil producers.
