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Higher gasoline, diesel pump prices set Tuesday

Oil firms on Monday announced another round of hikes in pump prices of gasoline and diesel, while rolling back that of kerosene.

In separate advisories, Flying V, Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. said they will hike prices per liter of gasoline by P0.90, and diesel by P1.05, while rolling back kerosene by P0.25.

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

The changes will take effect at 6 a.m. on Tuesday, February 21, for all the firms except for Caltex which will adjust prices at 12:01 a.m. and Cleanfuel at 4:01 p.m. the same day.

Oil firms last week cut down prices per liter of diesel by P2.20 and kerosene by P2.50, while keeping gasoline prices unchanged.

Latest data available from the DOE show that year-to-date net decreases stand at P2.15 per liter for diesel and P0.25 per liter for kerosene, while gasoline remains at a net increase of P5.10 per liter.—AOL/RSJ, GMA Integrated News