[ad_1]
Oil companies announced a sharp price hike starting Tuesday.
Gasoline products will increase by P1.15 per liter, diesel by P1.10 per liter and kerosene by P1.10 per liter.
Seaoil, Phoenix Petroleum and Pilipinas Shell said they will adjust their pump prices at 6 am on Dec. 1. Cleanfuel, meanwhile, will implement its price adjustment at 4pm. Other oil companies have yet to announce their price adjustments.
Pump prices have risen in recent weeks as a result of movements in world oil prices.
On November 24, the price of diesel rose P0.50 per liter and kerosene P0.30 per liter. On November 17, gasoline prices increased by P1.05 per liter, diesel by P1.55 per liter, and kerosene by P1.30 per liter.
Meanwhile, Laban Konsyumer Inc. (LKI) on Monday appealed to oil companies to defer their price increases, particularly for kerosene and liquefied petroleum gas (LPG).
LKI told the DOE that since a state of calamity was declared in Luzon last month, LPG and kerosene prices should not rise until December 3.
LPG prices are adjusted during the first days of the month.
“We reiterate our public call to the oil companies to defer price increases to Tuesday, December 1, while the state of calamity lasts for 60 days,” the group said.
