Latest Stories

Oil firms hike fuel prices Tuesday starting 6 a.m.


Oil firms raised prices by 6 a.m. Tuesday, July 23, 2013, to reflect international price movements. AP FILE PHOTO

MANILA, Philippines—Oil firms raised prices by 6 a.m. Tuesday to reflect international price movements.

Petron, Pilipinas Shell, Chevron Philippines and Seaoil said in separate advisories via text message that the gasoline prices would be up by 50 centavos per liter, diesel by 35 centavos/liter and kerosene by 50 centavos/liter.

Such adjustments reflect movements in the international oil market, the companies said.

Shell also said the price increases were “with DOE acknowledgment.”

Other companies had not yet announced their respective price hikes as of this writing, although oil firms operating in the Philippines tend to track each other’s price movements since the country imports about 90 percent of its fuel requirements.

Just this month, pump prices were rolled back once and raised thrice, not including Tuesday’s increase.

From 6 a.m. on July 16, Petron, Shell and Chevron hiked prices by P1.60 per liter for gasoline, P1 per liter for kerosene and 75 centavos per liter for diesel.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Energy , fuel price hikes , oil and gas , oil firms , Philippines

  • Hellomr

    Brent Crude Oil : $108.15/BBL 0.07%
    Light Crude Oil : $106.91/BBL -1.07%
    Natural Gas : $3.68/MMBtu -2.96%
    Unleaded Gasoline : $3.05/gal -2.41%
    prices from: Jul 22 change
    Here’s the market price for today and yet prices went up … How come…

  • Hellomr

    Brent Crude Oil : $108.07/BBL -0.58%
    Light Crude Oil : $108.05/BBL 0.01%
    Natural Gas : $3.79/MMBtu -0.55%
    Unleaded Gasoline : $3.12/gal 0.43%
    prices from: Jul 19 ch

    How come prices of petroleum went down….

  • bubi78

    Grabe dito sa amin PH 60.12/liter ang premium! The stock reply of the DOE’s apologists and, of course, of the oil firm themselves is that the prices of fuel and oil only “reflect the movements in the international oil markets.” How facile and convenient for them to say that, but the last time premium gasoline hit the PH 60/liter level (i.e. here in our city) was in 2008; back then, as KappaPhiPhi mentioned, crude oil was at $140 per barrel and the dollar to peso exhange rate was 1:50. In contrast the current crude oil price is $106 per barrel and the exchange rate is 1:43.

    A contributory factor to the inflated prices of fuels and oils, one that the government declines to acknowledge and abhors to relinquish, is the EVAT on petroleum products. Alas, aside from the EVAT, there is the excise tax to contend with, not to mention the duties levied on imported petroleum products; all these weigh heavily on the price that the consumer has to pay in the end. Even so, there are still other factors involved, e.g. the cartel in the oil industry, computations as well, but these are beyond my ken to expound on. To make matters worst, it seems the current administration, through the DOE, has given the oil firms carte blanche to set their prices as they see fit. But why? Was it because the oil firms contributed heavily to the campaign kitty of PNoy and lately to the campaign funds of the Liberal Party in the midterm elections, as well? This is mere conjecture and even if it is true, nobody will vouch that it is so. It must be that grease and money are inherently interwined and one follows the other. Draw your own conclusion yourself; but the indubitable truth remains – the oil firms are bent on squeezing the Filipinos dry for the highest possible profits ever and the government, on its part, is keen on keeping its share of the much needed revenues derived therof. What about us? Well, the government has given us 7.8% GDP growth, two investment grade ratings, peace pact with the MILF, expanded Philhealth coverage, etc., ad nauseum. Yeah, what is there to complain about? Nada, only inconsiderate ‘talangkas’ do that!

  • KappaPhiPhi

    bakit nga ba noon 140 usd per barrel mas mataas pa yung palitan ng usd, mag kasing presyo lang ngayon?

  • db2 synon

    Oil Firms= leeches…DOE..Good for nothing..but monitoring

  • Collegejock

    Wtf? Why dont u just shoot us and get it over and done with quickly?!?

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Life lessons from the Ultimate Warrior
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace