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Nearly Php 3 per liter fuel price hike set today


MANILA, Philippines, January 24 ------ The pump prices of gasoline, diesel, and kerosene will increase by nearly P3 per liter today.


Local oil firms announced the following price adjustments:


Shell (6 a.m.)

• Gasoline: +P2.80 per liter

• Diesel: +P2.25 per liter

• Kerosene: +P2.40 per liter


Cleanfuel (4:01 p.m.)

• Gasoline: +P2.80 per liter

• Diesel: +P2.25 per liter


Seaoil (6 a.m.)

• Gasoline: +P2.80 per liter

• Diesel: +P2.25per liter

• Kerosene: +P2.40 per liter


Caltex (12:01 a.m.)

• Gasoline: +P2.80 per liter

• Diesel: +P2.25per liter

• Kerosene: +P2.40 per liter


PTT Philippines (6 a.m.)

• Gasoline: +P2.80 per liter

• Diesel: +P2.25per liter


In its price monitor update on Jan. 17, the Department of Energy (DOE) said the total adjustments in 2023 stood at a net increase of P3.10 per liter for gasoline, P0.80 per liter for kerosene; and diesel at a net decrease of P0.20 per liter. Local fuel prices are based on the average Mean of Platts Singapore (MOPS).


MOPS is the daily average price of refined petroleum products in Singapore trading. It is used for pricing petroleum products in Southeast Asia.


Source: inquirer.net

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