Philippine Energy News

A collection of Energy Related News in the Philippines

Sunday, May 28, 2006

Oil firms raise fuel prices by P0.50

Inq7
May 28, 2006


FOLLOWING the lead of the country's two oil refiners, oil firms raised gasoline and kerosene prices by 0.50 peso a liter.

Chevron Philippines Corp. hiked its gasoline and kerosene prices by 0.50 peso a liter at 6 a.m. on Sunday, while Total (Philippines) Corp. will increase its prices at 12:01 a.m. on Monday.

The two oil firms also adjusted liquefied petroleum gas prices by 0.56 peso per kilogram, inclusive of the 12-percent value-added tax.

New oil player Seaoil Petroleum Corp. will jack up gasoline and kerosene prices at 12:01 a.m. on Monday. Unioil Petroleum Philippines Inc. will follow suit at 6 a.m.

Petron Corp. and Pilipinas Shell Petroleum Corp., retained prices of diesel, in an effort to help the public transport sector.

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