MANILA, Philippines – Motorists should expect higher prices for gasoline and diesel in the first week of 2017 following the oil price hike announcements of several companies on Monday, January 2.
Total, Pilipinas Shell Petroleum Corporation, and Phoenix Petroleum Philippines Inc have announced on Monday that they will implement the price hike at 6 am on Tuesday, January 3. Price changes for Flying V will take effect at 12:01 am.
The oil firms will increase the price of diesel by P0.60 per liter and gasoline by P0.70 per liter.
Based on available data from the Department of Energy, the retail prices of diesel in Metro Manila since December 20, 2016 is between P28.25 to P30.10 per liter, while the prices for gasoline for the same period range between P 36.90 to P47.90 per liter. – Rappler.com
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