Gasoline price up 45¢ diesel down by 60¢

Gasoline price up 45¢ per liter, diesel down by 60¢

MANILA, Philippines — Local oil companies announced a mixed adjustment in the prices of petroleum products effective Tuesday, April 2.

In separate advisories, the oil firms said gasoline prices will increase by 45 centavos per liter. Diesel and kerosene will decline by 60 centavos per liter and P1.05 per liter, respectively.

READ: Oil holds onto gains as investors bet on tighter supply

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This is the third straight week that industry players jacked up the pump price of gasoline.

Cleanfuel and Seaoil will be the first to implement the fuel price adjustment on Tuesday at 12:01 am. Pilipinas Shell and Petro Gazz will follow at 6 a.m.

The announcement comes following a big-time price hike in the past week, with gasoline rising by P2.20 per liter, diesel by P1.40 per liter and kerosene by P1.30 per liter.

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TAGS: diesel price rollback, Gasoline, Price Hike

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