Fuel prices move

MANILA, Philippines—Pilipinas Shell Petroleum Corp. and Petron Corp. said over the weekend they would raise the prices of some fuel products and lower others to reflect trends in the international oil market.

Shell will roll back diesel prices by 30 centavos a liter and kerosene by 25 centavos a liter effective 6 a.m. Monday. However, it will raise the prices of unleaded gasoline by 30 centavos a liter and regular gasoline by 25 centavos a liter.

Petron will roll back Turbo Diesel and DieselMax prices by 30 centavos per liter and kerosene by 25 centavos per liter. However, prices for Blaze 100, XCS Plus and Xtra will increase by 30 centavos per liter while Pinoy gasoline and regular gasoline prices will increase by 25 centavos per liter.

The Department of Energy’s Oil Price Monitor report said last week’s trades showed consecutive price drops since Monday, driven by several factors affecting the global oil market.

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Tags: Department of Energy , fuel price hike , Oil Price Hike , Petron , Shell