锘� Price of gas up by P0.50 per liter

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Price of gas up by P0.50 per liter

Philippine Daily Inquirer / 05:05 AM March 05, 2024

The pump price of gasoline climbed by P0.50 per liter on Tuesday, March 5, following Russia’s implementation of a six-month export ban.

On the other hand, the prices per liter of diesel and kerosene went down by P0.40 and P0.35, respectively, according to local oil companies.

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Caltex implemented the price adjustments by 12:01 a.m., followed by Shell and Seaoil at 6 a.m., and CleanFuel at 4:01 p.m.

The Department of Energy Oil Industry Management Bureau attributed the rollbacks in diesel and kerosene prices to an improvement in US crude stocks while the hike in gasoline prices was due to Russia’s export ban that took effect on March 1. —MEG J. ADONIS

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TAGS: Fuel, gas, Petroleum, Prices

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