Gasoline price up by 70 centavos/liter, but diesel drops by P1.15/liter
Inquirer file photo/Niño Jesus Orbeta
MANILA, Philippines — A mixed adjustment in pump prices has been implemented by oil companies effective Tuesday, February 4.
This after oil companies raised the price per liter of gasoline by 70 centavos while they made diesel and kerosene prices cheaper by P1.15 and 90 centavos per liter, respectively.
Jetti Petroleum, Petro Gazz, PTT Philippines, Seaoil, Shell Pilipinas and Unioil applied the new pricing at 6 a.m. on Feb. 4, followed by Caltex at 6:01 a.m. and Cleanfuel at 8:01 a.m.
READ:
Fuel price watch: Gasoline, diesel down 80¢/L, 20¢/L starting Jan 28
Fuel prices likely to dip by P1 per liter this week
Trump imposes tariffs on Canada, Mexico and China, raising prospect of inflation and trade conflict
Last week, oil companies slashed their prices for the first time this year, dropping the prices per liter of gasoline by 80 centavos, diesel by 20 centavos and kerosene by 50 centavos.
Both the Department of Energy and an industry source had hinted at a mixed price adjustment this week due to some global events, particularly US tariffs on Canada and Mexico. —Jordeene B. Lagare
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.
