Gasoline prices up for 2nd straight week Tuesday

Oil companies are set to implement the second consecutive week of hikes for pump prices of gasoline this week, while those of diesel and kerosene will be rolled back.

In an advisory, Pilipinas Shell Petroleum Corp. said it will hike prices per liter of gasoline by P0.85, while reducing those of diesel by P0.15 and kerosene by P0.25.

Cleanfuel and Petro Gazz announced similar changes, excluding kerosene which they do not carry.

The changes will take effect 6 a.m. Tuesday, November 19, for all the firms except for Cleanfuel which already implemented the changes 4:01 p.m. on Sunday, November 17.

Petron Corp. earlier announced the same price adjustments, while other firms have yet to make any announcements.

According to the latest data from the Department of Energy (DOE), as of November 5, year-to-date adjustments stand at a net increase of P5.06 per liter for gasoline, P3.67 for diesel, and P0.86 for kerosene. — RSJ, GMA News