Pump prices up for second straight week

Updated MON · JAN 10, 2022 · 11:33 AM

Petroleum prices in the Philippines will rise for the second consecutive week starting Tuesday, January 11.

Chevron Philippines Inc., Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. announced increases of P0.75 per liter for gasoline, P1.10 for diesel, and P0.90 for kerosene (excluding calamity-stricken areas).

Unioil Petroleum Philippines projects that fuel prices will increase again next week with diesel potentially rising by P1.00 to P1.10 per liter and gasoline by P0.70 to P0.80 per liter.

This latest round of price hikes follows a January 4 increase of P1.85 per liter for gasoline and P2.40 for diesel.

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