Oil firms to implement 4th consecutive fuel price hike Tuesday

Oil companies are again raising pump prices of fuel products on Tuesday, January 29, the fourth consecutive week when motorist will pay higher for diesel and gasoline and consumers at large for kerosene.

Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp., and SEAOIL Philippines Inc. said they will raise pump prices of diesel by P0.55 per liter, gasoline by P0.20, and kerosene by P0.40.

Eastern Petroleum Corp., Jetti Petroleum Inc., Petro Gazz, Phoenix Petroleum, PTT Petroleum Philippines Inc., TOTAL (Philippines) Inc., and Unioil Petroleum Philippines Inc. will implement the same price adjustments, but not for kerosene—a product they do not carry.

The changes will take effect at 6:00 a.m. on Tuesday, except for Caltex which will implement the changes 12:01 a.m.

Data from the Department of Energy showed gasoline prices currently range from P41.45 to P55.80 per liter, diesel from P36.35 to P43.98, and kerosene from P40.62 to P50.90. —Jon Viktor Cabuenas/VDS, GMA News