Oil prices going up again on June 28 | Inquirer Business

Oil prices going up again on June 28

Oil prices to increase anew on June 28


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.


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.



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



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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