Metro Manila (CNN Philippines, May 11)— Heads up! Pump prices are set to increase on Tuesday after several rounds of weekly price declines amid the COVID-19 crisis.
The following oil companies have announced hefty fuel price adjustments effective Tuesday, May 12 at 6:00 a.m.:
FLYING V
Gasoline + ₱2.00/liter
Kerosene +₱1.25/liter
Biodiesel +₱1.90/liter
Petro Gazz
Diesel +₱1.90/liter
Gasoline +₱2.00/liter
Phoenix Petroleum
Diesel +₱1.90/liter
Gasoline +₱2.00/liter
PTT Philippines
Diesel +₱1.90/liter
Gasoline +₱2.00/liter
Petron
Diesel +₱1.90/liter
Gasoline +₱2.00/liter
Kerosene +₱1.25/liter
Shell
Diesel +₱1.90/liter
Gasoline +₱2.00/liter
Kerosene +₱1.25/liter
SEAOIL
Gasoline +₱2.00/liter
Kerosene +₱1.25/liter
Diesel +₱1.90/liter
Cleanfuel will also implement a ₱2.00 per liter increase for gasoline, and ₱1.90 per liter increase for diesel on Tuesday at 4:01 p.m.
The price adjustments reflect movements in the global oil market, which has also been severely affected by the COVID-19 crisis.
ANALYSIS: The world may never recover its thirst for oil
The Philippines’ capital region and other high-risk areas have been placed under extended enhanced community quarantine, restricting movement of residents due to the continuous spike in the infectious disease cases since March.
President Rodrigo Duterte is expected to make a decision possibly within the day on whether to lift or extend the lockdown after May 15.
This is a developing story. Please refresh page for updates.
Heads up, motorists!
Oil companies will increase prices of fuel products starting tomorrow, 6am ⛽ pic.twitter.com/s0tJ7DAOQG
— CNN Philippines (@cnnphilippines) May 11, 2020
