Gasoline prices down; diesel, kerosene up Nov. 5

FILE: A gas attendant (left) fills the gas tank of a truck at a gas station in Tandang Sora on Mindanao Avenue, Quezon City on Tuesday (Nov. 9, 2021). After 10 consecutive weeks of price increases, oil companies will roll back the prices of petroleum products. (PNA photo by Ben Briones)

By Anna Leah Gonzales, Philippine News Agency

MANILA – Diesel and kerosene prices will go up while gasoline prices will drop starting Tuesday.

In separate advisories on Monday, Seaoil and Shell said they would reduce gasoline prices by PHP0.10 per liter.

Diesel and kerosene prices, however, will increase by PHP0.75 and PHP0.50 per liter, respectively.

Shell said the price adjustments considered movements in premium freight and biofuel costs.

In a separate advisory, Petro Gazz said diesel would also increase by PHP0.75 per liter while gasoline prices would go down by PHP0.10 per liter.

Last week, oil firms raised diesel and kerosene prices by PHP0.50 per liter.

They also increased gasoline prices by PHP0.20 per liter.

The latest data from the Department of Energy showed that as of Oct. 29, oil companies implemented an increase of PHP0.20 per liter for gasoline and a rise of P0.50 per liter for both diesel and kerosene.

Year-to-date, the total adjustment of gasoline and diesel stands at a net increase of PHP8.75 per liter and PHP6.55 per liter, respectively.

On the other hand, kerosene has a total net decrease of PHP3.10 per liter.