Oil firms raise gasoline, diesel prices anew

Fuel prices rose for the second straight week as global oil prices remained bullish after fears of the Omicron variant of the coronavirus waned.

In separate advisories, major oil industry players raised gasoline and diesel prices by P0.55 per liter, while kerosene prices went up by P0.70 per liter on Tuesday.

But Phoenix Petroleum and Seaoil Corp. said they would not raise prices in areas battered by Typhoon “Odette.”

Seaoil will also implement a discount promo from Dec. 20 to Dec. 31, which will give consumers a P4 per liter discount on gasoline and P2 per liter discount on diesel.

The cumulative net increase in fuel prices as of January now stood at P16.45 for diesel, P16.40 for gasoline, and P12.35 for kerosene. —Karl Ocampo