Gasoline, diesel, kerosene prices up for 2nd week Tuesday

Pump prices of petroleum products will be hiked anew on Tuesday, marking the second straight week of increases.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P0.55, diesel by P0.55, and kerosene by P0.70.

Cleanfuel, Petro Gazz and Phoenix Petroleum Philippines Inc. will implement the same changes, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, December 21, for all the firms except for Cleanfuel which will adjust prices at 4:01 p.m. the same day. Other firms have yet to make similar announcements for the week.

Kerosene price changes will not be implemented in areas declared under state of calamity, namely Agusan, Aklan, Bacolod, Bohol, Butuan, Cabadbaran, Capiz, Cebu, General Santos, Iloilo, Koronadal, Leyte, Negros Occidental, Negros Oriental, Palawan, Samar, and Surigao.

Latest data available from the Department of Energy (DOE) indicate that year-to-date adjustments stand at a total net increase of P17.30 per liter for gasoline, P14.40 per liter for diesel, and P11.69 per liter for kerosene. — Jon Viktor D. Cabuenas/RSJ, GMA News