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Friday, October 7, 2022

Pump prices rise anew

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LOCAL pump prices are on the rise this week.

Oil firms said Monday they will implement an upward adjustment in gasoline prices by P0.20 per liter, diesel by P0.35 per liter and kerosene by P0.35 per liter.

Pilipinas Shell, Caltex, Seaoil and PTT Philippines said they would implement their price hike at 6 a.m. of May 4.

Cleanfuel, on the other hand, said the same price increase would take effect at 4:01 p.m. of Tuesday.

Other oil firms have yet to announce their price adjustment as of press time.

This is the third consecutive week of oil price increases.

Since April 20, gasoline prices went up by P1.25 per liter. Diesel has increased by P1.4 per liter and kerosene by a total of P1.85 per liter.

Oil firms adjust their prices weekly to reflect movements in the world oil market.

Read full article on BusinessMirror

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