Fuel pumps. INQUIRER FILE PHOTO
MANILA, Philippines — Oil companies have announced another round of price increases will be implemented for gasoline, diesel, and kerosene starting Tuesday, June 28.
In separate advisories issued Monday, Caltex Philippines and Seaoil said they will increase gasoline prices by P0.50 per liter while a P1.65 rise is expected for every liter of diesel. The cost of kerosene per liter will also inch up by P0.10, the fuel companies said.
Cleanfuel, on the other hand, will adopt the same price increase for its petroleum products, except for kerosene which the firm does not carry.
Caltex Philippines will implement the price adjustment from 12:01 a.m. on Tuesday, while it will take effect for Seaoil at 6:00 a.m. on the same day.
Meanwhile, Cleanfuel will enforce its price increase by 8:01 a.m. also on Tuesday.
Last Friday, Energy Secretary Alfonso Cusi warned about a foreseen hike in diesel and kerosene prices as the Philippine peso further weakened against the US dollar. He said, however, that a price rollback for gasoline was then expected.
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