MANILA, Philippines — Pump costs of gasoline and diesel will likely be raised by P0.90 and P1.05 per liter, respectively, beginning Tuesday, Feb 21.
The worth of kerosene will likely be rolled again by P0.25 per liter.
In separate advisories on Monday, native oil companies introduced their gasoline worth adjustment schedule:
Shell
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
Kerosene: -P0.25 per liter
Cleanfuel (4:01 p.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
PetroGazz (6 a.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
Jetti Petroleum (6 a.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
PTT Philippines (6 a.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
Seaoil (6 a.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
Kerosene: -P0.25 per liter
Caltex (12:01 a.m.)
Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter
Kerosene: -P0.25 per liter
The worth hikes come after two weeks of gasoline worth rollbacks.
According to the Department of Energy, the 2 essential causes for the upward worth adjustment are Russia’s plan to chop crude
manufacturing and the International Energy Agency’s announcement elevating its international oil demand forecast for 2023.
Price changes have been anchored on the Mean of Platts Singapore (MOPS), which is the pricing reference of the oil corporations within the home deregulated downstream oil business.
Estimates have been made primarily based on the four-day buying and selling common within the international oil market from Feb. 13 to 16.
-with a report from Jordeene B. Lagare
READ:
Oil companies seen jacking up native pump costs on Feb 21
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