Another oil price hike on June 28 | Image from Pexels
PETROLEUM companies in the Philippines announced again Monday, June 27, another price adjustment for gasoline, diesel and kerosene.
Shell, Caltex and Seaoil will implement a P.50 per liter increase on gasoline, P1.65 per liter on diesel and P.10 per liter for kerosene effective June 28, 2022.Caltex will implement the price adjustment at 12:01 a.m. of June 28 while Shell, Seaoil at 6 a.m. the same day.Pump prices for gasoline went up in the recent four consecutive weeks while diesel in the last five weeks.
The Energy department earlier said that oil prices may hit P100 per liter if the hikes driven by the Russian oil ban by the European Union caused by its invasion of Ukraine, the increased demand in the United States and China, and the premium in Saudi Arabia crude would continue.Disclaimer SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent.
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