Petron, Seaoil to raise prices of kerosene, diesel Tuesday | Inquirer Business

Petron, Seaoil to raise prices of kerosene, diesel Tuesday

By: - Reporter / @amyremoINQ
/ 11:42 PM January 14, 2013

MANILA, Philippines—Petron Corp. and independent player Seaoil Philippines are hiking the prices of kerosene by 40 centavos a liter and of diesel by 25 centavos a liter effective Tuesday.

At the same time, the local oil firms also slashed prices of premium gasoline by 40 centavos a liter and of regular gasoline by 15 centavos a liter.

According to the oil firms, the latest price adjustment reflected the movements in the prices of oil in the international market.

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Other oil companies have yet to announce their respective price adjustments.

As of January 2, the price of Dubai crude stood at $106 a barrel while the price of unleaded gasoline based on the Mean of Platts Singapore benchmark was at $124 a barrel. MOPS-based prices of kerosene and diesel, meanwhile, stood at $126 a barrel.

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TAGS: Business, Consumer Issues, oil and gas, oil price hikes, petroleum products

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