In separate advisories, Chevron Philippines Inc. , Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P1.10, diesel by P0.20, and kerosene by P0.70.The adjustments will take effect at 6 a.m. on Tuesday, August 22, for all the firms except for Caltex which will adjust prices at 12:01 a.m. and Cleanfuel at 4:01 p.m. the same day.
— increases for gasoline and kerosene, and no movement or a rollback for diesel due to factors such as the economic slowdown in China, signs of a resurgent inflation in the US, and a bigger-than-expected draw in US inventories.per liter of gasoline by P1.90, diesel by P1.50, and kerosene by P2.50. Latest data available from the Department of Energy indicate year-to-date net increases of P13.40 per liter for gasoline, P8.60 per liter for diesel, and P5.14 per liter for kerosene as of August 15, 2023.
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