June ends with yet another fuel price hike
MANILA: Another fuel price hike is here as we end the month of June. Gasoline prices have increased by P0.50 per liter, kerosene by P0.10 per liter, and diesel jumped by P1.65 per liter today (June 28).
Caltex implemented the price changes at midnight Tuesday, while Petron and Shell conducted the same from 6 a.m. onwards.
KEY TAKEAWAYS
Why are local fuel prices rising today (June 28)?
The oil price adjustments are still caused by movements in the cost of petroleum products in the international market, Petron said in a tweet.Around the same time as the above fuel companies, Flying V, Petro Gazz, Phoenix, PTT Philippines, Seaoil, and Unioil will follow the price increase on pump products. Cleanfuel will increase pump prices at 8 a.m..
The oil price adjustments are still caused by movements in the cost of petroleum products in the international market, Petron announced.
“These reflect movements in the international oil market,” the oil firm said in a tweet.
Photo from Chevron Philippines, Inc.
Also read: 7 tips to improve your car’s fuel efficiency
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