Business, Nation, News

Phoenix, Shell effects increase pump price of oil products

Cbanga360.Net - The Bicol Street Journal

Published         23 Feb , 2015      10:08 pm          374 views.

MANILA, Feb. 23 — Oil derived-products are on the side of price increases with two retailers leading the pack.

Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines Inc. will increase pump prices of gasoline by 85 centavos per liter and diesel by 80 centavos per liter on Tuesday.

Shell will also hike its kerosene prices by Php 1 per liter at 12:01 a.m. on Feb 24.

2015_0223_jeepney500

Phoenix said it will move prices on Tuesday at 6 a.m.

According to the Department of Energy’s (DOE) oil price monitor for Metro Manila as of Feb. 17, diesel is presently sold from Php 27.10 to Php 30.45 per liter, while gasoline is offered at Php 36.95 per liter.

The DOE has yet to indicate how much is the prevailing kerosene prices. (PNA)

THIS ARTICLE IS RELATED TO    ,

Suggested For You