Gasoline and diesel costs up, kerosene barely down

MANILA, Philippines — Pump costs of gasoline and diesel can be raised by P0.90 and  P1.05 per liter, respectively, beginning Tuesday, Feb 21.

The value of kerosene can be rolled again by P0.25 per liter.

In separate advisories on Monday, native oil corporations introduced their  gas value adjustment schedule:

Shell

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

Kerosene: -P0.25 per liter

Cleanfuel (4:01 p.m.)

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

PetroGazz (6 a.m.)

Gasoline: +P0.90 per liter
Diesel: +P1.05 per liter

Jetti Petroleum (6 a.m.)

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

PTT Philippines (6 a.m.)

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

Seaoil (6 a.m.)

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

Kerosene: -P0.25 per liter

Caltex (12:01 a.m.)

Gasoline: +P0.90 per liter

Diesel: +P1.05 per liter

Kerosene: -P0.25 per liter

The value hikes come after two weeks of gas value rollbacks.

In line with the Division of Power, the 2 most important causes for the upward value adjustment are Russia’s plan to chop crude

manufacturing and the Worldwide Power Company’s announcement elevating its world oil demand forecast for 2023.

Value changes have been anchored on the Imply of Platts Singapore (MOPS), which is the pricing reference of the oil firms within the home deregulated downstream oil trade.

Estimates have been made based mostly on the four-day buying and selling common within the world oil market from Feb. 13 to 16.

-with a report from Jordeene B. Lagare

READ:

Oil corporations seen jacking up native pump costs on Feb 21

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