MOTORISTS will have to pay more for petroleum products this week, as oil firms are set to implement a major price hike today which would offset all the rollbacks implemented in the previous week.
In an advisory, Chevron Philippines Inc. (Caltex), Petron Corp. and Shell Pilipinas Corp. said they will hike prices per liter of gasoline by P0.85, diesel by P1.75 and kerosene by P1.90.
Petro Gazz will implement the same adjustments, excluding kerosene which it does not carry.
The changes will take effect at 6 a.m. today for all the firms.
Other firms have yet to make similar announcements for the week as of this writing.
The adjustments will effectively offset the adjustments made last Tuesday, June 11, when firms rolled back prices per liter of gasoline by P0.60, diesel by P1.20 and kerosene by P1.30.
Year-to-date adjustments stood at a net increase of P6.05 per liter for gasoline and P4.25 per liter for diesel, and a net decrease of P1.55 per liter for kerosene as of June 11, 2024. (GMA Integrated News)
