Gasoline prices up P2.70 per liter, diesel by P6.55 Tuesday

Motorists will have to pay more for petroleum products this week as oil firms announced another round of pump price hikes to mark the second straight week of increases for diesel and kerosene.

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 P2.70, diesel by P6.55, and kerosene by P5.45.

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

The adjustments will take effect at 6 a.m. on Tuesday, June 7, for all the firms except for Cleanfuel which will implement the changes at 8:01 a.m. and Caltex at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week.

Domestic pump prices have so far been on an uptrend for most of the year, with only eight weekly rollbacks implemented in 2022.

Latest data available from the Department of Energy (DOE) show that year-to-date adjustments stand at a net increase of P23.85 per liter for gasoline, P30.30 per liter for diesel, and P27.65 per liter for kerosene as of May 31, 2022.—AOL, GMA News