Inquirer
Diesel, kerosene prices to go up on Nov 28
Diesel prices will increase by P0.30 per liter and kerosene by P0.65 per liter starting Tuesday, November 28, 2023.
Several oil companies, including Shell Pilipinas Corporation, Seaoil, Cleanfuel, and Chevron, have announced these price adjustments.
Cleanfuel, Flying V, Petro Gazz, Phoenix Petroleum Philippines Inc., and Unioil Petroleum Philippines Inc. will implement the same diesel price changes but do not carry kerosene.
The price adjustments will take effect at different times on Tuesday, November 28, with most firms adjusting at 6 a.m., Caltex at 12:01 a.m., and Cleanfuel at 4:01 p.m.
These increases follow four consecutive weeks of price rollbacks for diesel and kerosene.
The Department of Energy's Oil Industry Management Bureau cited production cuts by OPEC+ as a reason for the price hikes.
As of November 21, 2023, year-to-date net increases in fuel prices stood at P12.30 per liter for gasoline, P5.70 per liter for diesel, and P1.09 per liter for kerosene.
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