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Fuel price adjustments set

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Oil companies will adjust pump prices of petroleum products starting today.

In separate announcements Monday, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil and Shell said they will increase gasoline prices by P0.30 per liter and will slash diesel prices by P0.30 per liter.

Kerosene prices at Caltex, Seaoil and Shell stations will also be higher by P0.20.

Last week, local industry players implemented minimal increases in diesel and kerosene prices.

As of writing, West Texas Intermediate crude was trading at USD73.19 per barrel while Brent crude was selling at USD77.91 per barrel.

According to the Department of Energy, gasoline prices in Metro Manila range from P56.30 to P74.35 per liter; diesel from P53.60 to P79.50 per liter; and kerosene from P71.40 to P84.80 per liter.*PNA

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