Following fresh round of rally in prices in the world market — primarily due to jitters ignited by the United States’ withdrawal from the Iran nuclear deal, commodities at Philippine petroleum pumps are on big-time hikes again this week at P1.20 per liter for diesel; and P1.10 per liter for gasoline.
According to the oil companies’ pricing advisories, the cost of kerosene product, another socially impacting fuel commodity, will also be higher by P0.95 per liter.
As of this writing, the oil companies that already advised on price increases include Flying V of the Villavicencio Group, Pilipinas Shell Petroleum Corporation, PTT Philippines, Chevron (which is carrying the Caltex brand) and Seaoil effective 6:00am on Tuesday; while the rest of the industry players are expected to follow the price adjustment trends. (Myrna M. Velasco)