Gasoline, diesel, kerosene prices up Tuesday
Motorists will have to pay more for fuel products this week, as firms are set to hike pump prices to mark the second straight week of increases for both diesel and kerosene.
In separate advisories, Chevron Philippines Inc. (Caltex) and Shell Pilipinas Corp. said they will increase prices per liter of both gasoline and diesel by P0.40, and kerosene by P0.30.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.
The adjustments will take effect at 6 a.m. on Tuesday, May 28, for all the firms except for Cleanfuel, which will adjust prices at 4:01 p.m. the same day.
Other firms have yet to make similar announcements for the week.
Firms last week rolled back prices of liter of gasoline by P0.10, while hiking those of diesel by P0.25, and kerosene by P0.30.
This brought year-to-date adjustments to a net increase of P7.15 per liter for gasoline and P4.45 per liter for diesel, and a net decrease of P1.35 per liter for kerosene as of May 21, 2024. —KBK, GMA Integrated News
This article Gasoline, diesel, kerosene prices up Tuesday was originally published in GMA News Online.
- https://www.msn.com/en-ph/money/economy/gasoline-diesel-kerosene-prices-up-tuesday/ar-BB1n6nqL?ocid=00000000
Related
AI, sustainability among trends to watch out for in PH startups
The use of artificial intelligence (AI) and sustainable practices are among the noticeable trends in the local startup landscape, experts pointed out. At the Philippine Startup Week launch in Taguig City on Monday, Jay Fajardo, executive director of VC firm Ideaspace Foundation, Inc., said that AI is a worldwide phenomenon, with countries investing in building data centers. “The advent of AI cannot be understated….AI is very computer-power...
MoneyPLDT, Accenture Philippines team up to build digital factory
PLDT Inc.’s data arm Kayana Solutions Inc., formerly known as DigiCo, has partnered with Accenture Philippines for the establishment of a digital factory that will initially cater to the MVP Group, but will eventually become an open platform. Under the partnership, Accenture will oversee brand strategy, product research, and user interface (UI) and user experience (UX) design for Kayana through Song, its tech-powered creative group, addressing...
MoneyElon Musk's Tesla officially launches in PH
American carmaker Tesla has officially rolled out to Philippine roads on Friday as it joins the electric vehicle race in the country. “Tesla has a presence in about 50 countries around the world […] We pick our presences. So I pick the Philippines is the next new market in the world,” said Tesla regional director Isabel Fan. The Model 3 and Model Y are now available for order online via Tesla's official website and will be delivered to the...
MoneyOver P1/liter hike in fuel prices seen next week
Pump prices of petroleum products are expected to increase next week, according to the Department of Energy (DOE) on Friday. The estimates are as follows: Gasoline - P1.10 to P1.40 Diesel - P1.70 to P1.90 Kerosene - P1.10 to P1.20 DOE Oil Industry Management Bureau Director III Rodela Romero said the estimates are based on the four-day international trading. Romero said the oil prices increased for the past four days as the storm is expected to...
MoneyImee Marcos hits BSP decision to sell gold reserves
Senator Imee Marcos on Wednesday grilled the administration's economic managers over the Bangko Sentral ng Pilipinas' (BSP) decision to sell 24.95 tonnes of gold in the first half of 2024. Marcos said this is contrary to what other countries doing, which is to stock more gold reserves. "Abala ang marami po sa atin, sa ating mamamayan pati ang ating mga bangkero pagkat ang ibang bansa bumibili ng ginto, bakit daw tayo biglang nagbabagsak at...
MoneyCebu Pacific rolls out P99 promo fares
Gokongwei-led budget carrier Cebu Pacific on Monday announced promotional one-way base fares as low as P99 for local destinations with over 750,000 seats to be made available to the public. The promotional fares will be available from Monday, November 4, until Thursday, November 7, covering all of Cebu Pacific’s domestic destinations. It will cover flights from January 1, 2025 to March 31, 2025. Cebu Pacific said travelers can use their existing...
MoneyGasoline, diesel, kerosene pump prices up Tuesday
Motorists will have to pay more for petroleum products this week, as firms on Monday announced another round of pump price hikes following last week's rollback. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Seaoil Philippines Corp., Shell Pilipinas Corp., and Unioil Petroleum Philippines Inc. said they will increase prices per liter of gasoline by P0.20, diesel by P0.50, and kerosene by P0.50. Cleanfuel and...
MoneyDigiPlus expands R&D team amid growing appetite for digital gaming
Listed gaming tech company DigiPlus Interactive Corp., the company behind BingoPlus and ArenaPlus, on Thursday said it is further expanding its position in the digital gaming space with the expansion of its research and development (R&D) team. In a statement, DigiPlus said that since last year it has “expanded its Local Development Team by over 200%, with plans to double that growth by year’s end.” The company said it has poured resources into...
Money