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(File photo) MANILA - Oil companies are set to implement price adjustments starting Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell will roll back gasoline prices by PHP1.70 per liter and will hike diesel prices by PHP1.20 per liter. Caltex, Seaoil, and Shell will also increase kerosene prices by PHP2.45 per liter. Price rollback on kerosene last week will be offset with the price hike this week. In the previous week, oil firms also slashed diesel prices while increasing gasoline prices. Since the start of the year, prices of gasoline s...

ANOTHER HIKE. Oil prices are set to increase starting Tuesday (April 9, 2022). Supply disruptions in Libya and possible further reduction on Russian oil amid the rising conflict in Ukraine impacted global prices this week, according to S&P Global. (File photo) MANILA - Following a two-week rollback, fuel prices are set to increase this week starting Tuesday morning. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will raise diesel prices by PHP1.70 per liter and PHP0.45 per liter for gasoline. Caltex, Seaoil, and Shell will also hi...

(PNA file photo) MANILA - Oil companies announced that they will slash fuel prices starting Tuesday morning, with the oil price rollback now on its second week. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will decrease diesel prices by PHP0.35 per liter and PHP1 per liter on gasoline. Caltex, Seaoil, and Shell will also cut kerosene prices by PHP3 per liter. Since the start of the year, oil prices have remained elevated, with the global benchmark exceeding the USD100-per-barrel mark mainly due to geopolitical tensions from the Ukra...

MANILA - After 11 straight weeks of fuel price hikes and with significant increments in the past weeks, oil companies finally announced big-time rollbacks for petroleum products. Starting Tuesday morning, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT Philippines, Total, Seaoil, and Shell said they will reduce gasoline prices by PHP5.45 per liter and PHP11.45 per liter for diesel. Caltex, Seaoil, and Shell said they will also cut kerosene prices by PHP8.55 per liter. Other oil companies are expected to follow suit. Last week, Department of Energy (DOE) Secretary Alfonso Cusi projected that oil pric...

(File photo) MANILA - Consumers have to brace for a hefty hike in the prices of petroleum products which takes effect on Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they will increase gasoline prices by PHP3.60 per liter and PHP5.85 per liter on diesel. Caltex, Seaoil, and Shell will also hike kerosene prices by PHP4.10 per liter. Local oil prices have been increasing for the past 10 weeks. The latest drivers for this week's soaring oil prices in the world market include the discussions to ban Russian crude oil in the United States and Euro...