MANILA, Philippines—Pilipinas Shell Petroleum Corp. has decided to hike prices of unleaded gasoline by 50 centavos a liter and of regular gasoline and diesel by 25 centavos a liter.
These price movements will take effect at 12:01 a.m. on Tuesday.
The price of Shell’s Shellane liquefied petroleum gas, however, has been pulled down by P2.50 a kilogram, or by P27.50 per 11-kilogram cylinder.
According to monitoring done by the Department of Energy, the prices of gasoline and diesel based on the Mean of Platts Singapore benchmark for refined petroleum products went up last week as compared with prices two weeks ago.
The international contract price of LPG, on the other hand, went down for the month of June, leading to a drop in local cooking gas prices.