Oil firms to implement major price hike for petroleum products

Motorists will have to pay more for petroleum products this week, as oil firms are set to implement a major price hike starting Tuesday to mark the second straight week of upward adjustments for gasoline. In separate advisories, Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P2.20, diesel by P1.40, and kerosene by P1.30.

Cleanfuel will implement the same changes, excluding kerosene which it does not carry. The adjustments will take effect at 6 a.m. on Tuesday, March 26, for all the firms except for Cleanfuel, which will hike prices at 4:01 p.m. the same day. Other firms have yet to make similar announcements for the week as of posting time

Oil Firms Price Hike Petroleum Products Gasoline Diesel Kerosene

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