OIL COMPANIES will not adjust the prices of petroleum products this week, keeping diesel at around P33.70 to P37.20 per liter (/L) after last week’s P1.30/L increase. Based on the Department of Energy’s (DoE) price monitoring after last week’s hike on all products, diesel’s retail cost was at a range of P29.40 to P37.47, with P33.70 as the common price. Diesel-plus was at a range of P32.60 to P39.25, with P37.20 as common price. For gasoline products, the common price is between P46.05 to P48.25/L. Kerosene, meanwhile, is selling at a range of P34.80 to P43.40/L, with P38.45 as the common price. Last week, oil retailers raised the prices of diesel products at their highest level so far this year. They also increased the cost of gasoline and kerosene by P0.45/L and P0.90/L, respectively. — Victor V. Saulon
