Fuel prices up for 4th straight week

A gas attendant fills up the tank of a vehicle at a pump station in Pavia, Iloilo. Gasoline price will increase by P1.60 per liter today while per-liter prices of diesel and kerosene will go up by 65 centavos and 60 centavos, respectively. PN PHOTO
A gas attendant fills up the tank of a vehicle at a pump station in Pavia, Iloilo. Gasoline price will increase by P1.60 per liter today while per-liter prices of diesel and kerosene will go up by 65 centavos and 60 centavos, respectively. PN PHOTO

THERE is no relief for motorists this week as oil companies are set to implement a new round of price increases starting today.

In separate advisories yesterday, Cleanfuel, Petron, Seaoil, and Shell Pilipinas said the per-liter prices of diesel and kerosene would go up by 65 centavos and 60 centavos, respectively.

Prices of gasoline have the biggest jump this week with P1.60 a liter.

This announcement from fuel retailers marks the fourth week of consecutive hikes.

“Geopolitical tensions in the Middle East, an unexpectedly large withdrawals in the US crude inventories, and optimistic forecasts for summer fuel demand have all contributed to pushing prices in oil products higher,” Rodela Romero, director of the Department of Energy’s Oil Industry Management Bureau, said over the weekend.

Last Tuesday, July 2, oil companies hiked prices per liter of gasoline by P0.95, diesel by P0.65, and kerosene by P0.35. (Lisbet K. Esmael © Philippine Daily Inquirer)

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