Pump price hike set Tuesday

Motorists will have to pay more for petroleum products starting Tuesday, as oil firms announced another round of hikes following the rollback implemented last week.

In separate advisories, Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp., Petron Corp., and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P0.95, diesel by P0.50, and kerosene by P0.15.

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

The changes will take effect at 6 a.m. on Tuesday, January 17, for all 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.

Latest data available from the Department of Energy (DOE) show that prices in Metro Manila ranged from P56.00 per liter (Caloocan) to P80.92 per liter (Pasig) for gasoline, and P57.10 per liter (Quezon City) to P78.45 per liter (Pasay) for diesel as of January 12, 2023.

Oil firms last week rolled back prices per liter of gasoline by P0.75, diesel by P2.80, and kerosene by P2.10.—AOL/RSJ, GMA Integrated News