Oil Companies will raise Pump prices today for 4th week in a row

[ASEAN NOW News]

 

MANILA – Oil companies will raise today pump prices starting Tuesday September 21st, marking the fourth consecutive week of an increase. 

 

In separate advisories, Caltex, Petro Gazz, Seaoil, Shell, and Total will hike prices of diesel and gasoline by PHP0.80 per liter.

 

Cleanfuel will also increase prices of gasoline by PHP0.65 per liter and diesel by PHP0.70 per liter.

 

Kerosene prices in Caltex, Seaoil, and Shell will also go up by PHP0.85 per liter.

 

Previous week’s oil price adjustments resulted in a year-to-date net increase of PHP13.75 per liter for gasoline, PHP11.25 per liter for diesel, and PHP8.85 per liter for kerosene.

 

Oil firms adjust their pump prices weekly to reflect movements in the world oil market.

 

Based on DOE (Department of Energy) monitoring, international oil prices climbed to their highest since October 2018 on expectations that demand growth will exceed supply.

(PNA)