Oil firms are expected to raise fuel pump prices starting Tuesday.
They announced that gasoline products would be P0.15 per liter higher and diesel by P0.25 per liter more. Meanwhile, the price of kerosene will be P0.15 per liter less.
Seaoil Philippines, Caltex Philippines, Pilipinas Shell, PTT Philippines and Phoenix Petroleum will implement the price adjustments at 6 a.m. of May 25, while Cleanfuel will adjust its prices at 4:01 pm.
Other oil firms are also expected to follow suit.
The oil companies adjust their pump prices weekly to reflect movement of international oil prices.
Based on DOE 2020 data, Petron Corporation remains the country’s number one oil firm with a market share of 20.13 percent. Pilipinas Shell came second with 17.95 percent, Phoenix Petroleum stood at third place with 7.10 percent, followed by Unioil with 6.9 percent.
Chevron landed on the fifth place with 5.84 percent. Seaoil came in next with 5.42 percent.