Oil firms raise pump prices of diesel, gasoline | Inquirer News

Oil firms raise pump prices of diesel, gasoline

/ 04:37 AM February 09, 2021

Pump prices jumped the highest in more than two months, P1.10 per liter of diesel and 85 centavos per liter of gasoline, as oil inventories in the world’s two largest economies—the United States and China—declined last week. Caltex was first to increase at 12:01 a.m. Tuesday, followed by Petron, Shell, Seaoil, and PTT at 6 a.m. Cleanfuel raised prices at 4:01 p.m. Also, Petron, Shell, Caltex and Seaoil raised prices of kerosene by P1 per liter. Dubai crude, the Asian bellwether, rose to $57.69 per barrel on Feb. 3 from $54.81 per barrel a week earlier. —Ronnel W. Domingo


Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: fuel prices, oil prices
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.