Fuel prices up again today
Danessa Rivera (The Philippine Star) - January 23, 2018 - 12:00am

MANILA, Philippines — Oil firms are increasing fuel prices today after global crude prices hovered near $70 per barrel during last week’s trading.

Gasoline is up by P0.35 per liter, while diesel and kerosene prices are higher by P0.50.

This is the sixth consecutive week that diesel and kerosene prices were raised, and second straight week for gasoline.

Pilipinas Shell Petroleum Corp. and SeaOil Philippines Inc. said they would adjust pump prices starting at 6 a.m.

Eastern Petroleum Corp., Phoenix Petroleum Philippine Inc. and PTT Philippines Corp. said the price adjustment on gasoline and diesel products would also start at 6 a.m.

Flying V raised pump prices effective 12:01 a.m. while UniOil Petroleum Philippines Inc. at 6:01 a.m.

Petron Corp. and Total Philippines Corp. have yet to issue advisories as of press time.

Last week, global oil prices were underpinned by oil production curbs of the Organization of the Petroleum Exporting Countries (OPEC) and Russia, and strong demand amid healthy economic growth.

However, oil prices closed the trading week lower, snapping a four-week winning streak to three-year highs as investors sold positions on re-emerging US production concerns, according to a Reuters report.   

Philstar
Facebook
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.