MOTORISTS will be met with higher fuel prices today as companies announced another round of upward adjustments.
In separate advisories, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp said they will increase the prices per liter of diesel by P0.95, kerosene by P0.85, and gasoline by P0.40.
Cleanfuel, Jetti Petroleum Inc. and Petro Gazz will implement the same adjustments, excluding kerosene which they do not carry.
The adjustments will take effect at 6 a.m. for all the firms, except for Cleanfuel which will hike prices at 4:01 p.m.
Department of Energy-Oil Industry Management Bureau Director III Rodela Romero said last week the expected fuel price hike could be attributed to “an intensified geopolitical concerns in Gaza Strip wherein Israeli’s airstrikes killed three sons of a Hamas leader.”
“Though, inventory buildup of crude and fuels in the US tempered the oil price increase,” she said. (GMA Integrated News)
