Fuel hike nearly P3/liter set on Tuesday

Nation

by Christhel Cuazon23 January 2023

DZRH File Photo

A major price increase in petroleum products, nearly PHP 3 per liter, will be implemented starting Tuesday.

In an advisory, Shell and Cleanfuel announced that it will increase prices per liter of gasoline by PHP 2.80, diesel by PHP 2.25, and kerosene by PHP 2.40.

The changes will take effect at 6 AM on Tuesday, January 24, for all the firms except for Cleanfuel which will adjust prices at 4:01 PM the same day.

Other firms have yet to make similar announcements for the week.

In its price monitor updated Jan. 17, the Department of Energy (DOE) said the total adjustments in 2023 stood at a net increase of PHP 3.10/liter for gasoline, PHP 0.80/liter for kerosene; and diesel at a net decrease of PHP 0.20/liter.

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