By
Lenie Lectura - August 28, 2017
THE price of
petroleum products is on the rise again following movements in the
international oil market.
For the fifth
consecutive week, oil firms will implement an upward price adjustment in
gasoline products by P0.35 per liter. On August 22 the price of gasoline
went up by P0.20 per liter. On August 15 gasoline prices went up by P0.45 per
liter. A P1-per-liter price hike in gasoline took effect on August 8.
On July 25 gasoline prices went up by P0.90 per liter.
Since July 25,
gasoline prices have shoot up by P2.55 per liter.
Oil firms also announced on
Monday that they are raising the prices of diesel and kerosene by P0.20
per liter, respectively.
On August 22 oil firms
reduced by P0.10 per liter the price of diesel and kerosene,
respectively. The price increase for gasoline, diesel and kerosene will
take effect on August 29 at 6 a.m., they said in separate advisories.
As of press time, only Total Philippines and Flying V have announced their
price adjustments.
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