Oil firms raise pump prices of diesel, gasoline

By: Ronnel W. Domingo - Philippine Daily Inquirer | February 09,2021 - 10:13 AM

Pump prices jumped the highest in more than two months, P1.10 per liter of diesel and 85 centavos per liter of gasoline, as oil inventories in the world’s two largest economies—the United States and China—declined last week.

Caltex was first to increase at 12:01 a.m. Tuesday, followed by Petron, Shell, Seaoil, and PTT at 6 a.m. Cleanfuel raised prices at 4:01 p.m.

Also, Petron, Shell, Caltex and Seaoil raised prices of kerosene by P1 per liter. Dubai crude, the Asian bellwether, rose to $57.69 per barrel on Feb. 3 from $54.81 per barrel a week earlier.

Subscribe to our regional newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS: diesel, gasoline, oil firms raise pump prices

Subscribe to our regional newsletter

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.