Oil prices jacked up

December 02, 2019

OIL firms will implement today an increase in prices of petroleum products relatively bigger than the rollbacks they made previously.

Pilipinas Shell, Petron Corporation and Chevron Philippines will jack up their prices of diesel products by P0.65 centavos per liter, kerosene by P0.50 centavos per liter and gasoline by P0.30 centavos per liter effective at 6 a.m. today.

PTT Philippines, Petro Gazz Total Philippines, Phoenix and Unoil in their separate advisories said they will also implement the same price adjustment at 6 a.m. today.

Other independent oil firms have yet to announce their respective price adjustments but are likely to do so.

Energy sources said local oil companies adjusted the prices of petroleum products to reflect the movement of rates in the international oil market.