Mixed oil price adjustments set Feb.4

FILE: An employee fills up a car’s fuel tank at a gasoline station in Davao City on Tuesday (Dec. 20, 2022). After four consecutive weeks of price cuts, oil firms implemented a big-time hike in pump prices – PHP2.90 per liter for diesel; PHP0.70 per liter for gasoline, and PHP1.65 per liter for kerosene – just five days before Christmas. (PNA photo by Robinson Niñal Jr.)

By Kris Crismundo, Philippine News Agency

MANILA – Oil firms announced mixed price adjustments effective Tuesday.

In separate advisories on Monday, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell said gasoline prices would increase by 70 centavos per liter while slashing diesel prices by PHP1.15 per liter.

Caltex, Seaoil, and Shell will likewise cut kerosene prices by 90 centavos per liter.

Other oil firms are expected to follow suit.

This is the second consecutive week of a rollback on diesel and kerosene prices.

According to the Department of Energy (DOE), before the price adjustments Tuesday, fuel prices already had net increases of PHP2.65 per liter for gasoline, PHP4.80 per liter for diesel, and PHP3.80 per liter for kerosene.

DOE data also showed that retail pump prices in Metro Manila range from PHP52.55 to PHP77.27 per liter, diesel from PHP52 to PHP75.85 per liter, and kerosene from PHP73.74 to PHP85 per liter.