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Oil firms hike gasoline prices



MANILA, Philippines — Oil firms are increasing gasoline prices and rolled back those for kerosene at the pump on Tuesday as speculation persisted in the international market over prospects of escalating violence in Syria and Libya, which may affect neighboring fuel producers.

No price movements were reported for diesel.

PTT Philippines is implementing its P0.30 per liter increase on gasoline products at 12 noon Sept. 10.

From 6 a.m., Petron, Shell, and Seaoil imposed P0.30 per liter increases in their gasoline products and shaved off P0.30 per liter from kerosene.

“This reflects movements in the international oil market,” Petron said in its advisory.

TOTAL also adjusted pump prices for gasoline with an increase of P0.30 per liter starting 6a.m.

Including this week’s adjustments, the year-to-date net increases in gasoline and diesel have reached P3.54 and P4.08 per liter, respectively.

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Tags: Business , Conflict , Consumer Issues , oil prices , Syriam Civil unrest

  • earlrichards

    Google the “$2.5 Trillion Oil Scam – slideshare.” The Philippines is a victim of this scam, because ICE controls the Brent oil price in the Singapore spot market. To stop the gasoline price, rip-off, plug your Tesla S, electric car into your household, solar array.

  • Manong Johnny

    Sa halip na fuel price hike, dapat humingi tayo ng fuel subsidy kay Baboy Drilon. Ito ang kanyang sex bidyo with Janet Napoles:

    youtube (dot) com/watch?v=sAOMYOM0MFQ

  • wawa2172

    Well..gasoline prices increases but diesel at the same level. I understand that the government have to subsidized the passenger jeepneys and buses so no fare increases will be made pero paano naman ang mga taxi drivers? Well, marami nang mayayaman na SUV na ang ginagamit at diesel ang fuel. Why can’t the we implement the subsidized prices sa passenger jeepneys and bus lamang for diesel but hindi ang private car owners. I’ve been to other foreign countries at mas mahal ang diesel sa gasoline. Its only in the Philippines na masyadong malayo ang agwat and that is the reason why we have lots of cities in the country na wala man lang taxi kundi kuliglig at habal-habal lang na wala namang mga franchise. I take the taxi most of the time when I am in Manila and Cebu kaya nakakaawa ang mga drivers binubutinting tuloy ang metro para kumita.

  • edgar haquihaca

    Sobrang laki kasi ang tax tapos nanakawin lang ni tanda,pogi at sexy, this is the worst time to live sa daang matuwid.

  • Db2 Synon

    Eto mga oil companies..dahil lang sa speculation dahil sa syria at middle east nag taas ng presyo…e baka next reason umutot po ang hari ng saudi arabia..we need to increase prices…mga sugapa!

    • Karabkatab

      Sakto. Itong mga oil companies sobra paka gahaman sa kita. Kung downtrend ang international market price matagal sila mag adjust dahil daw sa inventory level. Ngunit kapag pataas an international market price, aba mabilis pa sa alas kwatro ang mga ito. Kayong mga taga DOE, mukhang malaki ang ambon sa inyo. Maawan naman kayo sa aming mga hirap na mamayan.

      • Db2 Synon

        Sir…,mali po kayo…mga DOE humihingi ka ng awa? wala na mga kaluluwa mga un…they can only monitor…aanga anga mga dyan..mga walang silbi

  • clanwolf

    ayos! gumaganda ang buhay sa daang matuwid ni Pnoy!

    • Julian de Sota

      bago ka bumanat ng sablay.. basahin mo muna ang RA 8180 at RA 8479…

      • clanwolf

        bakit kontra ka na purihin ang magandang buhay natin kay Pnoy? aba, hindi mo ba alam, trillion pesos ang kaya nating gastusin taun-taon, lumalaki budget sa CCt, madaming drawing na PPP projects, at lahat ng mga pasabog e gas explosion lang. pagkatapos, peace na peace sa Mindanao. hindi ka happy?

      • Julian de Sota

        i fully agree with you on PNoy trillions..
        ..but still, on your original comment, oil prices are determined by supply and demand or collusion among oil companies or greed–which ever comes first—are covered by oil deregulation law… walang magawa sino man and presidente..

        …but i wil support you in the demand for transparency and accountability of public funds..lalo na ang mga pork and pdaf …. by the way, sama na natin ang LGU na malaki din mga development funds na discretionary…

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