Diesel up by P2.70/liter, gasoline by P0.80/liter Tuesday

Oil firms on Monday announced another pump price hike, marking the second straight week of major upward adjustments.

In separate advisories, Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P0.80, diesel by P2.70, and kerosene by P2.90.

Cleanfuel, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will implement the same adjustments, excluding kerosene.

The changes will take effect at 6 a.m. on Tuesday, October 18, for all the firms except for Cleanfuel, which will adjust prices at 4:01 p.m. and Caltex at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week as of posting time.

Oil firms last week already increased prices per liter of gasoline by P1.20, diesel by P6.85, and kerosene by P3.50.

Latest data available from the Department of Energy (DOE) indicate that year-to-date total adjustments stand at a net increase of P15.85 per liter for gasoline, P35.80 per liter for diesel, and P26.75 per liter for kerosene as of October 11, 2022. —Jon Viktor D. Cabuenas/KBK, GMA News