Oil companies will again jack up pump prices on Tuesday, June 28, 2022 for the fourth week in a row. read more:
Oil companies will again jack up pump prices on Tuesday, June 28, 2022 for the fourth week in a row.Pilipinas Shell, Cleanfuel, Seaoil said that the cost of diesel will go up by P1.65 per liter and gasoline by P0.50 per liter. Pilipinas Shell and Seaoil will raise the price of kerosene by P0.10 per liter.
Price increases at the Mean of Platts Singapore, market premiums and freight costs contributed to this week's increase. The weakening of the Philippine peso against the dollar was also a factor.Based on the Department of Energy's oil monitoring report, as of 21 June 2022, the increases resulted in the year-to-date adjustments which stand at a net increase of P29.50/liter for gasoline, P44.25/liter for diesel and P39.65/liter for kerosene.