Oil companies will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a slight decrease during the first week of the month.
Gasoline prices will increase by P0.65 per liter, while diesel and kerosene will rise by P0.35 and P0.45 per liter, respectively. The increase will be implemented at 6:00 a.m. on Tuesday, May 29.
Last week, oil companies raised the prices of gasoline, diesel and kerosene at P1.60, P1.15 and P1.00 per liter, respectively.
Separately on Monday, Phoenix Petroleum Philippines, Inc. said it is offering its high-performance fuels at discounted rates.
From May 29 to 30, 2018, a discount of P5.00 per liter on gasoline and P2.00 per liter for diesel will be given to motorists at selected stations in Metro Manila. The discount will be available from 6:00 a.m. to 10:00 p.m., the company said.
“At Phoenix Petroleum, we put our customers’ needs first, which is why we are offering this promo to cushion the impact of price increases. Even better, our fuels are powered with Phoenix PULSE Technology — putting our fuels at par with the majors, but at a better value,” said Phoenix Petroleum Chief Operating Officer Henry Albert R. Fadullon in a statement. — Victor V. Saulon

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