锘� Gas price up but diesel, kerosene down

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Gas price up but diesel, kerosene down

04:50 AM July 23, 2024

oil price hike

Inquirer photo/Niño Jesus Orbeta

MANILA, Philippines — It is not all good news for motorists this week after local oil companies announced mixed movements in the pump prices of petroleum products effective on Tuesday, July 23.

In separate advisories, the companies said the price per liter of gasoline rose by 10 centavos, while those of diesel and kerosene dropped by 40 centavos and 70 centavos, respectively.

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READ: Gas prices to rise again this week, but diesel to go down

Caltex and CleanFuel implemented the price adjustments by 12:01 a.m., followed by Shell, Seaoil, Jetti Petroleum, and Petro Gazz at 6 a.m. The Department of Energy (DOE) Oil Industry Management Bureau said the mixed price adjustments were due to uncertain demand globally and “slow” economic growth in China.

Last week, fuel retailers slashed the prices per liter of gasoline by 60 centavos, diesel by 95 centavos, and kerosene by P1.15. —Meg J. Adonis

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