Motorists will have to pay more for petroleum products this week, as oil firms are set to hike pump prices by more than P1 per liter following the rollback implemented last Tuesday.
In separate advisories, Chevron Philippines Inc. , and Pilipinas Shell Petroleum Corp. said they will hike prices per liter of gasoline by P1.20, diesel by P1.40, and kerosene by P1.30.The changes will take effect at 6 a.m. on Tuesday, June 13, 2023 except for Caltex which will adjust prices at 12:01 a.m., and Cleanfuel at 4:01 p.m. the same day.
on the back of the announced reduction in the output target of the Organization of the Petroleum Exporting Countries and its allies.per liter of gasoline by P0.60, diesel by P0.30, and kerosene by P0.60. Latest data available from the Department of Energy indicate a net increase of P5.50 per liter for gasoline, and net decreases for P5.35 per liter for diesel, and P7.35 per liter for kerosene as of June 6, 2023.
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