Gasoline, diesel, kerosene pump prices up for 2nd straight week Tuesday

Motorists will have to tighten their belts once more, as prices of petroleum products will be hiked for the second straight week on Tuesday.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Seaoil Philippines Corp. and Shell Pilipinas Corp. will hike prices per liter of gasoline by P0.70, diesel by P0.40, and kerosene by P0.20.

Cleanfuel, Petro Gazz, 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, February 25, for all the firms except for Cleanfuel which will hike prices at 4:01 p.m. the same day.

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

The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected mixed adjustments in the retail prices of petroleum products this week, citing the supply disruption, the tightening of the oil price cap on Russia, and the possible delay in output hikes this April.

Retailers last week hiked prices per liter of gasoline and diesel by P0.80 each, and kerosene by P0.10.

Latest data from the DOE show that year-to-date adjustments stood at a net increase of P2.65 per liter for gasoline, P4.80 per liter for diesel, and P4.80 per liter for kerosene as of January 28, 2025.—AOL/RSJ, GMA Integrated News