Motorists will have to pay more for petroleum products this week, as oil firms on Monday announced upward adjustments following three straight weeks of rollbacks.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P0.35, diesel by P1.40, and kerosene by P1.20.The changes will take effect at 6 a.m. on Tuesday, May 16, for all the firms except for Cleanfuel which will implement the adjustments at 4:01 p.m. the same day.due to the decline in the inventory in the United States.
Latest data available from the agency indicate a year-to-date net increase of P3.85 per liter for gasoline, and net decreases of P7.05 per liter for diesel, and P7.50 per liter for kerosene as of May 9, 2023.
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