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21 November 2024
 
   
 
 

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Another big-time oil price hike set from June 14

2022-06-13


Another big-time oil price hike set from June 14
 

MANILA, Philippines — Another round of big-time increases in fuel prices will take place starting Tuesday, oil companies announced.

Shell, Cleanfuel, SeaOil, and Caltex will jack up the prices of their gasoline by P2.15 per liter and diesel by P4.30 per liter, as the cost of kerosene will also inflate by 4.85 per liter from June 14.

Caltex and Cleanfuel will impose the price movements beginning at 12:01 a.m. and 8:01 a.m., respectively, Tuesday, while Shell and SeaOil will impose the price adjustments on the same day at 6 a.m.

Since Russia, a key crude producer, invaded Ukraine early this year, fuel prices swelled, leading to increases in the prices of basic commodities.



 
 
 

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