Manila: Oil companies have announced adjustments to their pump prices this week, with an increase in gasoline prices and a decrease in diesel and kerosene prices. Starting from 12:01 a.m. on Tuesday, several major players, including Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell, will implement a 90-centavo hike in gasoline prices, while diesel prices will see a reduction of 20 centavos.
According to Philippines News Agency, Caltex, Seaoil, and Shell will also decrease kerosene prices by 40 centavos. Other oil firms are expected to follow the same pricing adjustments. This adjustment comes as part of the regular pricing strategy of oil companies in response to market conditions.
The Department of Energy (DOE) reported that gasoline prices in Metro Manila currently range from PHP49.75 to PHP74.35 per liter. Diesel prices fall between PHP48.97 and PHP72.05 per liter, while kerosene prices range from PHP71.14 to PHP81.99 per liter. These figures reflect the ongoing fluctuations in the oil market affec
ting both consumers and suppliers.
The DOE also highlighted that the year-to-date total adjustment reflects a net increase of PHP10.45 per liter for gasoline and PHP9.75 per liter for diesel. In contrast, kerosene has experienced a total net decrease of PHP1.50 per liter, showcasing varying trends for different fuel types throughout the year.
