Oil price hike takes effect today

admin   •   April 17, 2018   •   9791

OIL PRICE HIKE: The price increase in gasoline and diesel products takes effect today while the price of kerosene products remains the same.

MANILA, Philippines — Oil price hike on petrol products is now in effect.

Effective 6 a.m. today, Flying V, Petron, Shell and SEAOIL increased their price of gasoline by 35 centavos per liter and 80 centavos for a liter of kerosene.

The same increase takes effect on gasoline and diesel products of Eastern Petroleum, Total, PTT Philippines and Phoenix Petroleum, though their price of kerosene remains the same.

The increase in the price of oil is based on the price of petroleum products in the world market.  — UNTV News & Rescue

Oil price hike set for September 21

Aileen Cerrudo   •   September 20, 2021

MANILA, Philippines—Oil companies are set to increase prices starting Tuesday, September 21.

Local pump prices of petroleum products will go up again this week as announced by oil firms.

In separate advisories,  Seaoil, will implement an increase of P0.80 in its gasoline and diesel prices while price for kerosene will be up by P0.85.

Total Philippines Corporation (TPC) will also implement similar adjustments in its gasoline and diesel prices.

Meanwhile, for Cleanfuel, gasoline prices will be up by P0.65 and diesel prices will be up by P0.70 effective Tuesday.

Other oil firms have yet to make similar announcements. AAC

Diesel, kerosene prices to go up on Dec. 24

Robie de Guzman   •   December 23, 2019

MANILA, Philippines – Local prices of petroleum products will increase this week.

In separate advisories, Pilipinas Shell Petroleum Corp. and SEAOIL Philippines announced that the price of their diesel will go up by P1.15 per liter, and kerosene by P1.05.

Gasoline prices will remain unchanged.

Petro Gazz also said it will implement the same amount of adjustment except for kerosene which it does not carry.

The oil price hike is effective 6 a.m. on Tuesday, December 24.

Other oil companies have yet to announce any price movement for this week.

This marks the second consecutive week of price hikes for diesel and kerosene.

Manila Water, Maynilad will no longer push for water rate hike in January

Aileen Cerrudo   •   December 10, 2019

Water concessionaires, Maynilad and Manila Water, will no longer push for their rate increase in January 2020.

During the hearing of the House Committee on Good Governance and Public Accountability on Tuesday (December 10), President & CEO of Manila Water Jose Almendras said they will suspend the water rate increase in January.

“Ipina-retain po namin sa MWSS [Metropolitan Waterworks and Sewerage System] sa aming sulat noong ikatlo ng Disyembre ang aming hangarin para magkasundo kung paano maaayos na maipatutupad ang pagpaliban sa nasabing naaprubahang taas singil ng tubig, (We asked the MWSS to retain our letter last December 3 regarding our aim to negotiate and implement the suspension of the approved water rate increase)” he said.

This is amid the alleged onerous contracts between the government and the water concessionaires. Department of Justice (DOJ) Secretary Menardo Guevarra has disclosed that several provisions in the 1997 water concession agreements have been found to be onerous and disadvantageous to the government.—AAC (with reports from Vincent Arboleda)


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