Oil firms implemented a mixed price adjustment effective 6 a.m. Tuesday, reflecting movements in global oil markets.
The price of diesel rose by P0.60 per liter and kerosene by P0.40 per liter, while gasoline prices dropped slightly by P0.10 per liter.
“The adjustments reflect the movement in prices of refined fuel products, freight, and market premiums in the international market,” Jetti Petroleum said.
However, oil companies did not implement the price hikes in areas affected by the recent southwest monsoon and typhoons. Jetti announced it would not apply the July 29 price increase in Pangasinan, Pampanga, Bataan, NCR, Cavite, Rizal, Bulacan, Oriental Mindoro, and Negros Occidental.
In support of the Department of Energy’s request, Seaoil Philippines said it would defer diesel price hikes in typhoon-hit Regions 1 and 2. Seaoil, Jetti, and Cleanfuel issued separate advisories, while other companies are expected to follow.
On July 22, oil firms raised prices by P0.40 per liter for gasoline, P1.10 for diesel, and P0.70 for kerosene.
