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Oil prices going up again on June 28

Oil prices to increase anew on June 28

Fuel pumps. INQUIRER FILE PHOTO

MANILA, Philippines — Starting Tuesday, June 28, gasoline, diesel, and kerosene prices will be going up again.

In separate advisories issued Monday, Caltex Philippines, Petron Corporation, Shell Pilipinas, and Seaoil said they will increase gasoline prices by P0.50 per liter, diesel by P1.65 per liter, and kerosene by P0.10 per liter.

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According to Petron, the oil price adjustments are still due to movements in the cost of petroleum products in the international market.

“These reflect movements in the international oil market.  Thank you,” Petron said in a tweet.

FEATURED STORIES

PRICE ADVISORY: Effective Tuesday, June 28, 2022 12:01AMCaltex will INCREASE prices of: Platinum and Silver with Techron by Php 0.50/LDiesel with Techron D by Php 1.65/LKerosene by Php 0.10/L

Posted by Caltex Philippines on Monday, June 27, 2022

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#PriceAdjustment effective 28 June 2022

Posted by SEAOIL on Sunday, June 26, 2022

Cleanfuel, on the other hand, will adopt the same price increase for its petroleum products, except for kerosene which the firm does not carry.

✅ FUEL PRICE ADVISORY: Cleanfuel will implement price adjustment, effective Tuesday, June 28, 2022 at 8:01AM. ⬆️…

Posted by Cleanfuel on Sunday, June 26, 2022

Caltex Philippines will implement the price adjustment from 12:01 a.m. on Tuesday, while it will take effect for Seaoil at 6:00 a.m. on the same day.

Meanwhile, Cleanfuel will enforce its price increase by 8:01 a.m. also on Tuesday.

Last Friday, Energy Secretary Alfonso Cusi warned about a foreseen hike in diesel and kerosene prices as the Philippine peso further weakened against the US dollar. He said, however, that gasoline price rollback was expected.

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Another round of fuel price hikes await motorists on Tuesday

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KGA/abc

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TAGS: Energy, fuel, Oil Price Hike
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