Metro Manila, Philippines – Oil companies will implement a big-time fuel price hike on Tuesday, Jan. 21, the third-straight week of increase, over global market jitters.
In separate advisories, Caltex, Cleanfuel, and Seaoil said gasoline prices will go up by P1.65 per liter and diesel by P2.70 per liter.
Caltex and Seaoil said per-liter prices of kerosene will adjust upward by P2.50.
The Department of Energy (DOE) earlier attributed this week’s adjustment to the new round of sanctions of the United States and the United Kingdom on Russian oil.
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