Metro Manila (CNN Philippines, February 28) — Motorists will be starting the month of March with even higher fuel prices, as oil firms announced rate hikes anew
Effective 6 a.m. this Tuesday, March 1, fuel companies Caltex, Cleanfuel, Flying V, Petro Gazz, Petron, Phoenix, PTT Philippines, Seaoil, Total, and Unioil will increase prices of gasoline by ₱0.90 per liter.
They also announced a ₱0.80/l increase for diesel.
Meanwhile, an upward adjustment of ₱0.75/l will be imposed by Caltex, Flying V, Petron and Seaoil.
This marks the ninth straight week of oil price increases.
The latest Department of Energy price monitor says prices of gasoline have risen by ₱8.75/l, diesel by ₱10.85/l, and ₱9.55/l for kerosene so far this year.
The recent fuel price hike also comes as Metro Manila and 38 other areas ease to the most relaxed Alert Level 1 beginning this Tuesday.
