MOTORISTS will have to tighten their belts once more this week, as fuel retailers yesterday announced another round of price hikes to mark the second straight week of upward adjustments.
In separate advisories, Petron Corp., Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will increase prices per liter of gasoline by P1.35, diesel by P0.80, and kerosene by P0.70.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.
The adjustments will take effect at 6 a.m. today except for Cleanfuel which will hike prices at 4:01 p.m. the same day.
Other firms have yet to make similar announcements for the week as of this writing.
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected upward adjustments this week, citing the fresh US sanctions on Iran’s oil shipping network, and the sharper-than-expected decline in American crude inventories.
Firms last week hiked prices per liter of gasoline by P1.35, diesel by P1.30, and kerosene by P1.10.
This brought year-to-date adjustments to a net increase of P2.30 per liter for gasoline, P2.85 per liter for diesel, and P1.80 per liter for kerosene as of April 22, 2025. (GMA Integrated News)
