According to oil company advisories sent on Monday, April 18, there is another fuel price hike on Tuesday, April 19 after two straight weeks of rollbacks.
For gasoline and kerosene, companies would implement an extra P0.45 per liter, while diesel will increase by P1.70 per liter.
The April 19 fuel price hike will take effect at 12:01 a.m., according to Caltex Petroleum Corp., while Shell Philippines and Seaoil price increase will be effective at 6 a.m.
At 4:01 p.m., April 19, the Cleanfuel price hike will take effect.
The hike will take the net year-to-date increase for gasoline to P15.45 per liter, diesel to P27.35 per liter, and kerosene to P21.55 per liter.
As a result of Russia’s ongoing invasion of Ukraine, the Philippines is seeing a series of oil price increases due to low supply. – WhatALife!