By Lenie Lectura - May 14, 2018
OIL firms said on Monday that
they will raise the prices of petroleum products to reflect movements in
the international petroleum market.
Prices of gasoline will go up by
P1.10 per liter, diesel by P1.20 per liter and kerosene by P0.95 per liter. The
increase will take effect on Tuesday.
Seaoil, PTT Philippines and
Pilipinas Shell said they would implement the price adjustment at 6 a.m. on May
15. Other oil firms are expected to follow suit.
Last week the Department of Energy
(DOE) announced it will issue a policy for the stringent monitoring of
the prices of petroleum products as part of its initiative to protect the
interest of the consumers.
Targeted to be issued by the end of
June this year, the new policy enables the unbundling of the base prices of
petroleum products—gasoline, automotive and industrial diesel, kerosene, jet
fuel, bunker fuel oil and household and automotive liquefied petroleum gas.
“Identification of the costing for
the major components of these petroleum products that may affect the pump
prices would provide a higher level of transparency for our consumers,
particularly the motorists,” Energy Secretary Alfonso G. Cusi said.
No comments:
Post a Comment