OIL firms are expected to increase fuel prices again starting today, the Unioil Petroleum Philippines said.
According to the forecast, the per-liter price of diesel could go up by P4.30 to P4.50, while gasoline prices may go up by P1.50 to P1.60 per liter.
Oil firms last week raised per-liter prices of gasoline by P2.70 and of diesel by P6.55.
Yesterday, Shell, Cleanfuel, SeaOil, and Caltex announced they will jack up the prices of their gasoline by P2.15 per liter and diesel by P4.30 per liter, as the cost of kerosene will also inflate by 4.85 per liter from June 14.
Caltex and Cleanfuel will impose the price movements beginning at 12:01 a.m. and 8:01 a.m., respectively, Tuesday, while Shell and SeaOil will impose the price adjustments on the same day at 6 a.m.
Since Russia, a key crude producer, invaded Ukraine early this year, fuel prices swelled, leading to increases in the prices of basic commodities.
Russia recently said they are “ready to cooperate” and help the Philippines address the soaring prices of petroleum products. (CNN Philippines and Philippine Daily Inquirer)
