News – PH – Rising fuel pump prices are slowing the economy

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SETTINGS Gasoline will be more expensive by P120 per liter, while Diesel P0 will cost95 per liter more on Tuesday, February 23, 2021 (SunStar file)

An increase in gasoline pump prices of more than P1 per liter will be welcomed by motorists on Tuesday, February 23, 2021 to reflect “moves in the international oil market. This recent surge is seen by business leaders in Cebu as a setback to economic recovery from the effects of the pandemic.” of Coronavirus Disease 2019 (Covid-19) and is the seventh price adjustment in less than two months

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In separate notices on their official social media pages, the so-called Big 3 oil companies operating in the country and other oil companies announced a P120-per-liter price increase for gasoline and a P095-per-liter increase for DieselPetron Corp. said it will effectively implement the price increases on Tuesday It will also increase the price of kerosene by P1 per liter Chevron Philippines (Caltex) said fuel prices will increase at 12:01 am on Tuesday platinum increases by P120 per liter, silver from P120 per liter, diesel from P095 per liter and kerosene to P105 per literPilipinas Shell Petroleum Corp. The price adjustments will also take effect at 6 a.m. on Tuesday with gasoline from P120 per liter, diesel from P095 per liter and kerosene through P1 per liter.Petrogazz, Seaoil and PTT Philippines will make the same price adjustments at 6 a.m. Tuesday Seaoil will also lower the kerosene price by P1 per liter Cleanfuel is set to increase gasoline prices by P120 per liter and diesel from P095 per liter at 4:01 pm on Tuesday Unioil forecast two days ago that fuel prices will increase from P1 to P110 per liter of diesel and from February 23 to March 1, 2021 P110 to P120 per liter of gasoline

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Oil, pump, week, kerosene

News – PH – Rising fuel pump prices are dampening the economy
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Source: https://www.sunstar.com.ph/article/1886754/Cebu/Business/Rising-fuel-pump-prices-seen-to-stifle-economy