Manila Bulletin
Gasoline prices up by P0.90/liter; diesel by P0.80/liter
Motorists should prepare for a ninth consecutive week of fuel price increases, with gasoline prices set to rise by P0.90 per liter and diesel by P0.80 per liter starting Tuesday, March 1.
Kerosene prices will also increase by P0.75 per liter.
Pilipinas Shell Petroleum Corporation, Cleanfuel, Seaoil, and Chevron are among the oil companies that have announced these adjustments, with others expected to follow.
These price hikes are primarily attributed to the rally in world market prices, specifically the Mean of Platts of Singapore (MOPS).
As of February 28, year-to-date net increases in fuel prices stand at P8.75 per liter for gasoline, P10.85 per liter for diesel, and P9.55 per liter for kerosene.
Global oil prices remain volatile, settling at US$98 per barrel at the start of the week after a previous drop to US$94 per barrel.
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Motorists will face the eighth consecutive week of fuel price increases starting February 22, with gasoline prices rising by P0.80 per liter, diesel by P0.65 per liter, and kerosene by P0.45 per liter.
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Consumers can expect significant pump price increases next week, with diesel possibly rising by P5.40 to P5.50 per liter, gasoline by P3.60 to P3.70 per liter, and kerosene by P3.95 to P4.05 per liter.
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Oil companies in the Philippines announced significant price increases, with diesel jumping by P5.85 per liter and gasoline by P3.60 per liter, effective March 8.
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Fuel prices are set to increase for the ninth consecutive week starting Tuesday, March 1, 2022, with gasoline prices rising by P0.90 per liter and diesel by P0.80 per liter.
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Filipino consumers face increased costs for liquefied petroleum gas (LPG) in March, with an increase of P7.95 per kilogram.
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