Oil firms hike prices of gasoline, diesel and kerosene

Local oil companies on Monday said they would increase their pump prices of gasoline, diesel and kerosene on Tuesday, Jan 3, marking the first round of price hikes for these fuel products this year.

In separate advisories, Petron Corp., Shell Philippines, Seaoil and Flying-V said they would raise their prices of gasoline by P2.90 per liter; diesel, by P2.10 per liter and, kerosene, by P3.05 per liter starting 6 a.m. on Tuesday.

Caltex Philippines will increase its pump prices by the same amount but it will implement the adjustment earlier, at 12.01 a.m. also on Tuesday.

Petro Gazz announced the same rates of increase for its gasoline and diesel also starting 6 a.m. Tuesday. It does not carry kerosene.

This latest round of price increases for diesel, gasoline and kerosene followed the rollback in prices of liquefied petroleum gas (LPG) and auto LPG products which began on Sunday.

Petron Corp. rolled back the prices of its LPG by P4.20 per kilogram (kg) and auto LPG by P2.35 per liter, citing that these adjustments reflected the international contract price of these fuel products in January.

Local brand Solane also adjusted its LPG prices by P3.09 per kg at 6 a.m. of the same day.