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Price of gasoline up but diesel, kerosene down
Oil companies in the Philippines implemented a mixed price adjustment on February 4, 2025. Gasoline prices increased by 70 centavos per liter, while diesel and kerosene prices dropped by P1.15 and 90 centavos per liter, respectively. The new prices took effect at 6 a.m. for most companies, with Cleanfuel adjusting prices later in the morning. Last week, oil prices were reduced for the first time this year. The mixed adjustment was influenced by global events, particularly U.S. tariffs on Canada and Mexico.
MANILA, Philippines — Oil companies implemented a mixed price adjustment starting Tuesday, increasing gasoline prices by 70 centavos per liter while reducing diesel and kerosene prices by P1.15 and 90 centavos per liter, respectively.
The new pricing took effect at 6 a.m. on February 4 for Jetti Petroleum, Petro Gazz, PTT Philippines, Seaoil, Shell Pilipinas, and Unioil, followed by Caltex at 6:01 a.m. and Cleanfuel at 8:01 a.m.
Last week, oil companies reduced prices for the first time this year, lowering gasoline by 80 centavos per liter, diesel by 20 centavos, and kerosene by 50 centavos.
Both the Department of Energy and an industry insider had suggested a mixed price change this week due to global factors, including U.S. tariffs on Canada and Mexico. —Jordeene B. Lagare
Source: https://newsinfo.inquirer.net/2031124/price-of-gasoline-up-but-diesel-kerosene-down#ixzz8zHoVlx4R
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