Tue. Jan 19th, 2021

Oil companies have announced another price increase in fuel products as well as liquefied petroleum gas (LPG) starting tomorrow or December 1.

In separate advisories, Chevron, Cleanfuel, Petro Gazz, Phoenix Petroleum, PTT Philippines, Seaoil, Shell, and Total said diesel prices will increase by P1.10 per liter and gasoline prices will go up by P1.15 per liter.

Chevron, Seaoil, and Shell will also hike kerosene prices by P1.10 per liter.

Petron said prices of LPG products will likewise increase effective Tuesday, reflecting the international contract price of LPG for the month of December.

Petron said it will implement a price hike on household LPG by P0.96 per liter, or a P10.56 increase for a standard 11-kilogram LPG tank.

Meanwhile, Laban Konsyumer, Inc. (LKI) president Victorio Mario Dimagiba has urged the Department of Energy (DOE) to strengthen its oil price monitoring as a price freeze is still implemented in Luzon until December 3.

This after the entire island was placed under state of calamity by President Rodrigo Duterte on November18 due to impacts of recent typhoons.

“There should be no increases in kerosene and LPG,” said Dimagiba, who is a former trade official.

Under the Price Act, price freeze for kerosene and LPG shall be implemented for 15 days in areas declared under state of calamity. SOVEREIGNPH

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