Pump prices up for 5th straight week Tuesday; gasoline up P4.95/liter year-to-date

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

In an advisory, Pilipinas Shell Petroleum Corp. said it will increase prices per liter of gasoline and diesel by P0.75 each, and kerosene by P0.45.

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

The changes will take place at 6 a.m. on Tuesday, February 1, 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.

The latest data available from the Department of Energy (DOE) indicate that year-to-date adjustments stand at a total net increase of P4.95 per liter for gasoline, P7.20 per liter for diesel, and P6.75 per liter for kerosene as of January 25, 2022.

Pump prices have only been increased so far this year, following a net increase of P17.65 per liter for gasoline, P14.30 per liter for diesel, and P11.54 per liter for kerosene in 2021.—AOL, GMA News