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Fuel prices to go up this week

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gas pump
BW FILE PHOTO

GASOLINE, diesel and kerosene prices will increase this week, oil companies said on Monday, April 2, pointing to the movement of prices in the international market.

Gasoline will rise by P0.90 per liter, while diesel and kerosene will both increase by P1.00 per liter. The price adjustment will take place at 6:00 a.m. on Tuesday, April 3, 2017, the companies said.

For gasoline and diesel, this week’s increase is slightly lower than the previous week’s when they increased by P1.15 and P1.10 per liter, respectively. Kerosene last week rose by P1.00 per liter.

Separately, Eastern Petroleum Corp. said on Monday that it had decided not to adjust the price of its EC Gas liquefied petroleum gas (LPG) this month. It said the move was the second time that the company had opted to reflect a bigger reduction or absorb the adjustment in the international price of LPG.

To date, the net reduction in EC Gas LPG amounts to P4.45 per kilogram, the company said.

On Sunday, Petron Corp. increased its LPG price by P0.25 per kilogram and its autoLPG by P0.15 per liter to reflect the movements in the international contract prices of LPG for this month. — Victor V. Saulon





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