Manila: Prices of fuel will rise anew, with a range of PHP0.30 to PHP0.70 per liter, on Aug. 26. In an advisory, Seaoil said gasoline prices would increase by PHP0.70 per liter, diesel by PHP0.50 per liter, and kerosene by PHP0.30 per liter, effective 6 a.m.
According to Philippines News Agency, Jetti Petroleum, in a separate advisory, said prices of its gasoline products would increase by PHP0.70 per liter and diesel by PHP0.50 per liter. PTT Philippines will also increase at the same level.
Jetti Petroleum explained, ‘These adjustments reflect the movement of prices of refined fuel products, freight and market premiums in the international market.’ This week’s increase is the second consecutive week that oil prices have jumped across the board.
Before this, only gasoline prices were unchanged due in part to foreign exchange movements, supply and demand issues, and the impact of geopolitical developments overseas.
