Oil firms hike prices without prior notice

Published by rudy Date posted on March 18, 2010

MANILA, Philippines – Oil firms have raised the prices of all their petroleum products by 50 centavos per liter late Tuesday, giving consumers no time to refuel before implementing the price adjustments.

Petron Corp. implemented the increase Tuesday noon before announcing the price hike later at 11:45 p.m.

Seaoil Philippines Inc. and Chevron Philippines, followed suit, announcing the increase in their pump prices also at 11:45 p.m. Tuesday effective midnight.

Phoenix Petroleum succumbed to competitive pressure and will implement the same price increase at midnight today.

Shell has not announced a price increase in their petroleum products.

This is the third price hike in March and the sixth since January. This month, gas prices rose P2 per liter and diesel by P1.50 per liter.

Monitoring by the Department of Energy (DOE) showed that unleaded gasoline is retailed in the country at P42.70 to P45 per liter, diesel at P33.25 to P35.80 per liter, and kerosene at P41.15 to P47.50.

The price of Dubai crude, the benchmark of oil refiners, went up to $77 per barrel yesterday from an average of $73 per barrel in February. The price of unleaded gasoline from the region also rose to $91 per barrel from $87 last month; diesel price went up to $88 per barrel from $84 last month. –Donnabelle Gatdula (The Philippine Star)

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

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