By Lenie Lectura May 11, 2020
https://businessmirror.com.ph/2020/05/11/gas-prices-up-p2-a-liter/
OIL firms are implementing a huge price increase on their petroleum products effective Tuesday morning.
Gasoline prices will go up by P2 per liter, diesel by P1.90 per liter and kerosene by P1.25 per liter.
The upward price adjustment will be implemented by Seaoil Philippines, Phoenix Petroleum, PetroGazz, PTT Philippines, Petron Corp. and Pilipinas Shell at 6 am of May 12. Other oil firms are expected to follow suit.
The price adjustment reflects movements in the world market. Aside from an uptick in imported petroleum products, there is also an additional 10-percent duty on imported crude and finished petroleum products.
Last week, gasoline prices went up by P0.75 per liter. Diesel and kerosene prices, meanwhile, went down by P0.10 per liter and P0.60 per liter, respectively.
No comments:
Post a Comment