After last week’s brief respite, consumers are faced this week with another hefty oil price increase, with gasoline prices posting the biggest increase at P1.15 per liter.
Diesel will increase by P0.95 per liter, while kerosene will rise by P0.85 per liter.
Oil companies that reported price adjustment advisories as of Monday afternoon timed the increase at 6:00 a.m. on Tuesday.
This week’s increase follows last week’s price cut, with diesel and kerosene prices rolled back by P1.00 and P1.25 per liter, respectively. Gasoline prices were down by P0.70 per liter last week.
Weekly prices adjustments for July were mostly on the rise, with the month’s last week recording the biggest increase. — Victor V. Saulon