Oil players have added a new burden to the constantly increasing prices of fuel products, one peso on each liter of diesel fuel and on every liter of kerosene as well as 50 centavos on each liter of gasoline.
Oil executives claimed this new round of oil increase, actually the second this week, was an adjustment to reflect oil prices in the world market.
Independent players Seaoil Philippines Inc. and PTT increased their oil prices, following the price increases that oil firms Pilipinas Shell, Flying V, Chevron Philippines Inc. and Total carried out yesterday.
With the newest increase, the retail price per liter of Shell’s and Chevron’s diesel fuel now stands at P28.80 while their unleaded gasoline now fetches a price of P35 a liter, and their kerosene, P35 a liter.
Pump prices at Flying V and Total gas stations are now P25.50 a liter for diesel; P31 a liter for unleaded, and P35 a liter for kerosene.
It is recalled that these oil firms on Wednesday jacked up the prices of their fuel products by as low as P1 to as much as P1.50 per liter.
Jose Victor Cruz, vice president of Flying V, said the oil firms were compelled
to adjust their retail prices after world crude oil price jumped to $60 a barrel last week.
Cruz also said they would further increase their retail prices should should the cost of crude oil in the world market continue to rise.
The Department of Energy reported that as of April 1, average Dubai crude oil price stood at US$47 per barrel as against US$46 per barrel in March, the Department of Energy (DoE) reported.
So far this year, gasoline prices have been jacked up by P6.25 a liter; diesel by P4 a liter and kerosene, by P2.50 a liter.–Pat C. Santos, Daily Tribune
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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