ANOTHER round of increase in pump prices of petroleum products will be implemented on Tuesday, October 24.
In separate advisories, Seaoil Philippines Corp. and Pilipinas Shell Petroleum Corp. said prices per liter for diesel will be hiked by P1.30, while that of gasoline will go up by P0.95.
Prices of kerosene, meanwhile, will also increase by P1.25 per liter.
Cleanfuel will implement the same changes excluding kerosene which it does not carry.
Oil companies usually announce price adjustments every Monday to be implemented on the following day.
Last week, prices per liter for both diesel and kerosene decreased by P0.95, while gasoline prices went up by P0.55 per liter.
Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero earlier said that among the reasons for the increase in the prices of fuel products is the weekly drop in the stockpiles of the United States due to increasing demand.
