MANILA – Oil companies will adjust pump prices of petroleum products starting Dec. 5.
In separate announcements Monday, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil and Shell said they will increase gasoline prices by PHP0.30 per liter and will slash diesel prices by PHP0.30 per liter.
Kerosene prices at Caltex, Seaoil and Shell stations will also be higher by PHP0.20.
Last week, local industry players implemented minimal increases in diesel and kerosene prices.
As of writing, West Texas Intermediate crude was trading at USD73.19 per barrel while Brent crude was selling at USD77.91 per barrel.
According to the Department of Energy, diesel prices in Metro Manila range from PHP56.30 to PHP74.35 per liter; gasoline from PHP53.60 to PHP79.50 per liter; and kerosene from PHP71.40 to PHP84.80 per liter. (PNA)