Gas, LPG prices up again
Inq7.net
May 15, 2006
AS WORLD oil prices continued to escalate, oil firms again raised fuel prices by 50 centavos a liter and cooking gas prices by 50 centavos a kilogram.
Oil refiner Pilipinas Shell Petroleum Corp. led the price hike, raising gasoline, diesel and kerosene prices by 50 centavos a liter and liquefied petroleum gas (LPG) prices by 50 centavos a kg at 12:01 a.m. Sunday.
No. 1 player Petron Corp. and pure product importer Chevron Philippines Inc. increased prices of the same products by the same levels at 6 a.m. the same day.
New player Eastern Petroleum Corp. implemented a similar price increase at noon Sunday.
Flying V and Seaoil Petroleum Corp. increased prices at 12:01 a.m. Monday, followed by Unioil Petroleum Philippines Inc. and Total (Philippines) Corp. at 6 a.m.
According to data from the Department of Energy, the regional benchmark Dubai crude shot up to an average of 66.17 dollars a barrel as of May 11 from an April average of 64.14 dollars a barrel.
Since the start of the year, oil firms have hiked gasoline prices nine times by a total of 4.50 pesos a liter. Diesel and kerosene prices have risen 10 times by a total of 5 pesos a liter.
These new price adjustments bring premium unleaded gasoline prices to between 38.79 pesos and 40.26 pesos a liter, diesel to between 33.79 pesos and 35.42 pesos a liter, and kerosene to between P36.60 and P39 a liter.
LPG prices now range from 421.19 to 486.16 pesos per 11-kg cylinder.
All the prices are inclusive of the 12-percent value-added tax. Abigail L. Ho
May 15, 2006
AS WORLD oil prices continued to escalate, oil firms again raised fuel prices by 50 centavos a liter and cooking gas prices by 50 centavos a kilogram.
Oil refiner Pilipinas Shell Petroleum Corp. led the price hike, raising gasoline, diesel and kerosene prices by 50 centavos a liter and liquefied petroleum gas (LPG) prices by 50 centavos a kg at 12:01 a.m. Sunday.
No. 1 player Petron Corp. and pure product importer Chevron Philippines Inc. increased prices of the same products by the same levels at 6 a.m. the same day.
New player Eastern Petroleum Corp. implemented a similar price increase at noon Sunday.
Flying V and Seaoil Petroleum Corp. increased prices at 12:01 a.m. Monday, followed by Unioil Petroleum Philippines Inc. and Total (Philippines) Corp. at 6 a.m.
According to data from the Department of Energy, the regional benchmark Dubai crude shot up to an average of 66.17 dollars a barrel as of May 11 from an April average of 64.14 dollars a barrel.
Since the start of the year, oil firms have hiked gasoline prices nine times by a total of 4.50 pesos a liter. Diesel and kerosene prices have risen 10 times by a total of 5 pesos a liter.
These new price adjustments bring premium unleaded gasoline prices to between 38.79 pesos and 40.26 pesos a liter, diesel to between 33.79 pesos and 35.42 pesos a liter, and kerosene to between P36.60 and P39 a liter.
LPG prices now range from 421.19 to 486.16 pesos per 11-kg cylinder.
All the prices are inclusive of the 12-percent value-added tax. Abigail L. Ho
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