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Oil price adjustments set

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Oil firms will adjust prices of petroleum products starting 12:01 a.m. today.

In separate announcements, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil, and Shell said they will increase gasoline prices by P0.45 per liter and slash diesel prices by P0.60 per liter.

Caltex, Seaoil, and Shell will also cut kerosene prices by P1.05 per liter.

Other oil firms are expected to follow suit.

During the Holy Week, firms implemented hefty price hikes as much as P2.20 per liter for gasoline, while diesel and kerosene prices also increased by P1.40 and P1.30 per liter.

“Year-to-date adjustment of gasoline, diesel, and kerosene stand at a per liter net increase of P7.75, P5.10 and P1.05, respectively,” the Department of Energy (DOE) said.

Meanwhile, prices of some liquefied petroleum gas (LPG) products were rolled back on Monday.

Petron slashed its LPG prices by P1 per kilogram, while Regasco had a rollback of P0.30 per kilogram.

These price adjustments reflected a decline of P3.30 to P11 for an 11-kilogram household LPG cylinder.*PNA

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