Pump prices up for 9th week, year-to-date increases near P20/liter

Pump prices of petroleum products will be hiked for the ninth straight week on Tuesday, with year-to-date increases already close to P20.00 per liter.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P1.15, diesel by P0.45, and kerosene by P0.55.

Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., Total Philippines Corp., and Unioil Petroleum Philippines Inc. will also implement the same changes, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, October 26, for all the firms except for Caltex, which will adjust prices at 12:01 a.m., and Cleanfuel at 4:01 p.m. on the same day.

Other firms have yet to make similar announcements.

Latest data available from the Department of Energy (DOE) show that year-to-date adjustments stand at a total net increase of P19.65 per liter for gasoline, P18.00 per liter for diesel, and P15.49 per liter for kerosene as of October 19, 2021. —KBK/BM, GMA News