GASOLINE, DIESEL and kerosene prices are increasing this week, starting the month of July with a reversal of June’s general decline in pump prices. After four straight weeks of decrease, prices are up effective 6 a.m. today, July 4, with diesel higher by P0.70 per liter (/L), gasoline by P0.30/L, and kerosene by P0.55/L. During the weekend, on the other hand, retailers of liquefied petroleum gas (LPG) advised of a decrease in the price of the regular 11-kilogram cylinder. Petron Corp. cut the price of its Gasul and Fiesta Gas brands by P1.65 per kilogram, or a savings of P18.15 per cylinder. The price of its Xtend autoLPG also dropped by P0.92 per liter. Eastern Petroleum Corp. also slashed the price of its EC Gas LPG by P1.65 per kilogram. It imposed the price cut on Saturday, July 1. “These reflect movements in the international contract prices of LPG for the month of July,” Petron said. — Victor V. Saulon

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