Fuel firms announce diesel, kerosene price hike by P6.10, gas by P1.40

INQUIRER PHOTO / NINO JESUS ORBETA

MANILA, Philippines — Fuel companies on Monday announced another hike in the price of diesel, kerosene, and gasoline starting Tuesday.

Pilipinas Shell Petroleum, Seaoil Philippines Inc, Flying V, Petron Corp, Chevron Philippines (Caltex), and Cleanfuel all said in separate announcements that they would raise the diesel price, kerosene, and gas by P6.10 and P1.40 per liter, respectively.

All companies will start charging the increased prices at 6 a.m. on Tuesday, August 30. At 12:01 a.m., Caltex’s new prices will take effect.

Cleanfuel, on the other hand, said its price increase would be effective at 8:01 a.m. the same day.

According to Petron, the fuel price adjustments “reflect movements in the international oil market.”

The said major hike comes just a week after the said fuel companies hiked the price of diesel by P2.60, kerosene by P2.80, and gasoline by P0.70.

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