Motorists will face higher fuel prices this week as several companies announced price hikes following three consecutive weeks of price reductions.
In separate statements, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Seaoil Philippines Corp., and Shell Pilipinas Corp. confirmed that they will increase gasoline prices by P1.10 per liter. Diesel and kerosene prices will also rise by P0.40 per liter.
Cleanfuel will implement the same price adjustments, but will not raise kerosene prices, as the company does not sell the product.
The price changes will take effect at 6 a.m. on Tuesday, March 25, except for Cleanfuel, which will adjust its prices at 4:01 p.m. the same day.
Other fuel companies have not yet announced price changes for the week.
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