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Oil price hike to take effect this week

Metro Manila (CNN Philippines, October 23) – Fuel companies will implement price increases in petroleum products starting Tuesday.

In separate advisories on Monday, Seaoil and Cleanfuel said the per-liter cost of diesel will increase by ₱1.30 while gasoline prices will go up by 95 centavos per liter.

Petro Gazz, Jetti, Unioil and PTT said they will also implement the same oil price adjustments.

Kerosene will cost ₱1.25 more per liter, Seaoil said.

The price increases of Seaoil, PTT, Jetti and Petro Gazz will take effect at 6 a.m. while Cleanfuel’s adjustments will be implemented at 4:01 p.m.

Other oil companies are expected to make their announcements at the start of the week.

The Department of Energy’s Oct. 17 data showed that price adjustments resulted in a year-to-date per-liter increase of ₱12.80 for gasoline, ₱10.40 for diesel, and ₱4.99 for kerosene.

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