Oil firms announce mixed price adjustments

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Metro Manila (CNN Philippines, May 22) — Oil companies will implement mixed fuel price adjustments this week.

In separate advisories on Monday, Seaoil, Caltex, Jetti, Phoenix, Petro Gazz, PTT Philippines, Petron and Cleanfuel said the price of gasoline will increase by 80 centavos per liter while diesel will go up by 60 centavos per liter.

Seaoil, Petron and Jetti, however, said the price of kerosene will fall by 10 centavos per liter.

According to the Department of Energy’s oil monitoring as of May 16, the net year-to-date price of diesel decreased by ₱5.65 per liter while kerosene went down by ₱6.30 per liter.

Meanwhile, gasoline rose by ₱4.20 per liter.