Gasoline prices up P2.70 per liter, diesel by P6.55 Tuesday


Motorists will have to pay more for petroleum products this week as oil firms announced another round of pump price hikes to mark the second straight week of increases for diesel and kerosene.In an advisory, Pilipinas Shell Petroleum Corp. said it will hike prices per liter of gasoline by P2.70, diesel by P6.55, and kerosene by P5.45.

Cleanfuel will implement the same changes excluding kerosene, which it does not carry.

The adjustments will take effect at 6 a.m. on Tuesday, June 7, for all the firms except for Cleanfuel which will implement the changes at 8:01 a.m. the same day.

Other firms have yet to make similar announcements for the week.Domestic pump prices have so far been on an uptrend for most of the year, with only eight weekly rollbacks implemented in 2022.

Latest data available from the Department of Energy (DOE) show that year-to-date adjustments stand at a net increase of P23.85 per liter for gasoline, P30.30 per liter for diesel, and P27.65 per liter for kerosene as of May 31, 2022.

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