Gasoline, diesel, kerosene prices up by over P2/liter Tuesday

Oil firms are set to implement a major hike in the prices of petroleum products effective Tuesday, marking the second straight week of increases in the country.

In separate advisories, Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. said they will increase prices per liter of gasoline by P2.80, diesel by P2.25, and kerosene by P2.40.

Cleanfuel, Phoenix Petroleum Philippines Inc., 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 24, 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.

Oil firms last week increased prices per liter of gasoline by P0.95, diesel by P0.50, and kerosene by P0.15.—AOL, GMA Integrated News