Fuel price hike up to P1.45/L greets motorists on Christmas week

Fuel price increase. INQUIRER FILE PHOTO

Motorists will see higher prices for petroleum products this Christmas week, with oil companies announcing up to a P1.45 increase in prices.

In separate advisories on Monday, Petro Gazz, Shell Pilipinas, and CleanFuel said the per-liter price of diesel would jump by P1.45 starting Tuesday.

READ: Oil price hike of 80¢/L starting Dec 17

Gasoline and kerosene prices would also jack up by 50 centavos and 75 centavos per liter, respectively.

Rodela Romero, Department of Energy-Oil Industry Management Bureau assistant director, said the increases could be blamed on the strengthening of the dollar as well as the drop in US crude stocks.

Last week, oil companies imposed up to an 80-centavo increase in petroleum products.