Article by:
Anna Leah Gonzales
MANILA – Oil companies announced another round of fuel price increases starting Tuesday, marking the fourth consecutive week of hikes amid ongoing Middle East conflict.
In separate advisories Monday, PetroGazz and Unioil said diesel prices will rise by PHP12.50/liter, while gasoline will increase by PHP2.50/liter.
Seoil also reported a PHP12.50/liter hike for diesel and a PHP2/liter increase for kerosene, noting that gasoline prices will remain unchanged.
Shell, meanwhile, likewise announced a PHP12.90/liter increase for diesel, PHP2.90/liter for gasoline, and PHP2.40/liter for kerosene, while Jetti will likewise hike diesel by PHP12.90/liter and gasoline by PHP1/liter.
Other oil firms have yet to release their price adjustments for the week.
Last week, the Department of Energy reported the arrival of the first diesel shipment under its Emergency Energy Security Program, totaling about 22.58 million liters (142,000 barrels), aimed at bolstering the country’s fuel supply amid global market volatility.
The government said the shipment is part of ongoing efforts to reinforce national fuel security and cushion the impact of external disruptions on transportation, industry, and other petroleum-dependent sectors. (PNA)
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