Motorists will have to pay more for petroleum products this week as oil firms announced another round of hikes after the rollbacks implemented last Tuesday.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P0.40, diesel by P1.50, and kerosene by P1.25.Other firms have yet to make similar announcements for the week.
The latest movement follows the rollback implemented last week, when firms cut prices per liter of gasoline by P0.70, diesel by P1.30, and kerosene by P1.80. Latest data available from the Department of Energy show that year-to-date net decreases stood at P2.40 per liter for kerosene and P2.30 per liter, and a net increase of P5.30 per liter was recorded as of February 28, 2023.
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