Gasoline, diesel, kerosene prices up Tuesday

Motorists will have to pay more for petroleum products this week, as oil firms on Monday announced upward adjustments following three straight weeks of rollbacks.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P0.35, diesel by P1.40, and kerosene by P1.20.

Cleanfuel, Petro Gazz, 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, May 16, for all the firms except for Cleanfuel which will implement the adjustments at 4:01 p.m. and Caltex at 12:01 a.m. the same day.

The Department of Energy (DOE) earlier said prices are expected to increase this week due to the decline in the inventory in the United States.

Latest data available from the agency indicate a year-to-date net increase of P3.85 per liter for gasoline, and net decreases of P7.05 per liter for diesel, and P7.50 per liter for kerosene as of May 9, 2023. — RSJ, GMA Integrated News