The country’s oil firms raised the price of gasoline by P0.15 per liter but cut the price of diesel by P0.40 per liter and kerosene by P0.80 per liter effective Tuesday.
Pilipinas Shell Petroleum Corp., Eastern Petroleum Corp., PTT Philippines, Seaoil Philippines, Phoenix Petroleum Corp. issued separate advisories of the latest price adjustment.
Last February 24, most of the oil players increased the price of gasoline by P0.85 per liter, P1 per liter for kerosene, and P0.80 per liter in diesel.
Prior to the latest adjustment, diesel sells from P27.90 to P31.20 per liter and gasoline from P37.80 to P43.35 per liter. Prices vary depending on the brand, location, market forces, among others.