Fuel Prices Set to Rise from Tuesday, Oil Companies Announce

MANILA – Several oil companies have declared an upcoming increase in fuel prices effective Tuesday. In their respective announcements made on Monday, companies such as Petro Gazz, Seaoil, CleanFuel, Shell, and Caltex revealed plans to raise gasoline prices by 70 centavos per liter and diesel by 40 centavos per liter. Additionally, Seaoil, Shell, and Caltex will adjust kerosene prices upward by 20 centavos per liter. This follows last week’s price adjustments where gasoline and diesel saw an increase of 80 centavos per liter, and kerosene went up by 10 centavos per liter. According to the Department of Energy, as of February 18, the cumulative net increase for gasoline stands at PHP4.05 per liter, diesel at PHP4.35 per liter, and kerosene at PHP2.70 per liter.