Motorists will have to brace for a fresh wave of price hikes for petroleum products this week following three straight weeks of rollbacks.
In separate advisories on Monday, Shell and Seaoil announced that they will implement a PHP 1.40 per liter increase for diesel, PHP 0.35 for gasoline, and PHP 1.20 for kerosene.
Cleanfuel will implement the same changes, excluding kerosene which it does not carry.
The changes will take effect at 6 AM on Tuesday, May 16, for all the firms except for Cleanfuel which will implement the adjustments at 4:01 PM the same day.
Prior to this, the Department of Energy (DOE) earlier said prices are expected to increase this week due to the decline in the inventory in the United States.
LOOK: Magkakaroon ng taas-presyo sa mga produktong petrolyo bukas, May 16, batay sa anunsyo ng oil industry sources. | DZRH News pic.twitter.com/a2P7rsxBen
— DZRH NEWS (@dzrhnews) May 15, 2023
