Gasoline prices up ₱0.85/liter; diesel rolled back ₱0.15/liter

Published November 11, 2019, 12:00 AM

by manilabulletin_admin

By Myrna M. Velasco

Consumers will be paying more for gasoline products this week as the price of this commodity had been up by ₱0.80 to ₱0.85 per liter, based on the pricing adjustment announcements of the oil companies.

(Mark Balmores / MANILA BULLETIN)
(MARK BALMORES / MANILA BULLETIN FILE PHOTO)

For diesel, it had been a rollback of ₱0.15 per liter; and it goes the same way for kerosene products of which cost-per-liter had been pared by ₱0.15.

As of press time, the oil companies that already announced price adjustments include Pilipinas Shell Petroleum Corporation, Total Philippines, Cleanfuel, Seaoil, Phoenix Petroleum, Chevron and PetroGazz – and most are effective 6 a.m. on Tuesday (November 12).

The enforcement of price swings in the Philippine oil market is in keeping with the movement of prices in the world market – and this is done on a weekly basis.

In a span of seven weeks, this is the first time that prices of gasoline products had gone a bit higher – that was following a six-week respite on consumers’ pockets.

 
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