Pump prices of petroleum products will be hiked for the ninth straight week this Tuesday, adding to prices which have already hit as high as P80 per liter in select areas in the country.
In separate advisories, Chevron Philippines Inc. , Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will increase prices per liter of gasoline by P0.90, diesel by P0.80, and kerosene by P0.75.
The changes will take effect 6 a.m. on Tuesday, March 1, for all the firms except for Cleanfuel which will adjust prices at 4:01 p.m., and Caltex at 12:01 a.m. the same day., and have only followed an upward movement so far this year., citing the limited output and the ongoing geopolitical tensions involving Russia, a major exporter.