Oil firms hike fuel prices again
Oil companies are raising pump prices on Tuesday, September 19, marking the tenth straight week of increases for gasoline and eleventh for diesel and kerosene.
The price hikes include P2 per liter for gasoline, P2.50 per liter for diesel, and P2 per liter for kerosene across multiple firms such as Caltex, Shell, Cleanfuel, Phoenix Petroleum, Seaoil, Petron, Unioil, Petro Gazz, Flying V.
These increases reflect global crude oil cost rises due to output cuts by Russia and Saudi Arabia, and rising demand from China.
Since July 12, gasoline prices have increased by P18.64 per liter, diesel by P17.30 per liter, and kerosene by P15.94 per liter.
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