Oil companies will implement mixed price adjustments starting 12:01 a.m. Tuesday. In separate advisories, Caltex, Cleanfuel, Jetti, PTT, Seaoil, Shell and Unioil said they will increase gasoline prices by PHP0.45 per liter while slashing diesel prices by PHP1.25 per liter. Caltex, Seaoil and Shell will also reduce kerosene prices by PHP1.20 per liter. Other oil companies are expected to follow suit. According to OilPrice.com, West Texas Intermediate traded lower by 1.8 percent to USD84 per barrel while Brent crude traded at USD89.07 per barrel, down by 1.56 percent. Data from the Department of Energy showed that for the period Oct. 24 to 30, pump prices of gasoline ranged from PHP57.65 per liter to PHP86.40 per liter; diesel, from PHP59 to PHP82.20 per liter; and kerosene, from PHP76.25 to PHP89.39 per liter.
Souce: Philippines News Agency
