Price of gasoline up but diesel, kerosene down
Oil companies implemented a mixed adjustment in pump prices effective on Tuesday, raising the price per liter of gasoline by 70 centavos while making diesel and kerosene cheaper by P1.15 and 90 centavos per liter, respectively.
Jetti Petroleum, Petro Gazz, PTT Philippines, Seaoil, Shell Pilipinas and Unioil applied the new pricing at 6 a.m. on Feb. 4, followed by Caltex at 6:01 a.m. and Cleanfuel at 8:01 a.m.
Last week, oil companies slashed their prices for the first time this year, dropping the prices per liter of gasoline by 80 centavos, diesel by 20 centavos and kerosene by 50 centavos.
Both the Department of Energy and an industry source had hinted at a mixed price adjustment this week due to some global events, particularly US tariffs on Canada and Mexico.
