By Myrna M. Velasco
The per-liter-cost of gasoline will escalate by P0.65 this week – in yet another upward adjustment of prices at the pumps.
(Mark Balmores / MANILA BULLETIN)
For diesel and kerosene products, the newly enforced price hikes had been leaner at P0.10 per liter each. All price adjustments are effective Tuesday (March 26) at 6 am, according to the pricing adjustment notices sent by the oil companies.
As of this writing, the oil firms that already issued advisories on price hikes implementation included Pilipinas Shell Petroleum Corporation, PetroGazz, PTT Philippines, Eastern Petroleum and Unioil while the rest of the industry players are anticipated to follow.
Prior to this round of pump cost adjustments, gasoline prices in Metro Manila at various stations had been ranging from P47.95 to P61.89 per liter.
For diesel, price ranges were at P42.30 to P46.65 per liter; while kerosene prices had been hovering at P45.30 to P55.10 per liter, according to the monitoring of the Department of Energy.
Since January this year, price hikes had dominated the swing in prices at the pumps – as cost rollbacks just happened at relatively infrequent durations.
For gasoline products, the net increase already reached P8.99 per liter, including this week’s round of adjustment; and for diesel, it so far inched up by P5.99 per liter to-date.
On kerosene, which is an equally important commodity for households and industries like the aviation sector, total increase already stood at P4.69 per liter.