Gasoline prices up for 3rd straight week Tuesday; diesel, kerosene for 5th

Fuel retailers on Monday announced another round of pump price hikes, marking the third straight week of increase for gasoline, and the fifth for both diesel and kerosene.

In separate advisories, Chevron Philippines Inc. (Caltex), Seaoil Philippines Corp., and Shell Pilipinas Corp. said they will increase prices per liter of gasoline by P0.40, diesel by P1.40, and kerosene by P0.80.

Cleanfuel will implement the same changes, excluding kerosene which it does not carry.

The adjustments will take effect at 6 a.m. on Tuesday, January 27, for all the firms except for Cleanfuel which will hike prices at 4:01 p.m. the same day.

Other firms have yet to make similar announcements for the week.

The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected mixed movements in pump prices this week, citing tensions over Greenland, and optimism over China’s demand.

Retailers last week hiked prices per liter of gasoline by P1.00, diesel by P2.00, and kerosene by P1.50.

This brought year-to-date adjustments to a net increase of P1.20 per liter for gasoline, P2.40 per liter for diesel, and P1.90 per liter for kerosene.—AOL, GMA Integrated News