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Oil prices up for 3rd straight week

In separate advisories, Caltex, Petro Gazz, Phoenix Petroleum, Seaoil and Shell said they will raise gasoline prices by P0.40 per liter and diesel prices by P0.35 per liter.

Cleanfuel will roll out price increments of P0.30 per liter for both gasoline and diesel products.

Caltex, Seaoil, and Shell will also increase kerosene prices by P0.15 per liter.

In the Department of Energy’s latest oil monitor bulletin, week-on-week prices of Dubai crude as of Sept. 3 trading rose by USD1.80 per barrel.

Mean of Platts Singapore (MOPS) gasoline and diesel prices also went up by USD1.50 per barrel and USD2.90 per barrel in the same period.

Meanwhile, year-to-date prices of gasoline stood a net increase of P13.35 per liter, P10.90 per liter for diesel, and P8.70 per liter for kerosene, the DOE said.*PNA

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