Starting at 6 a.m. on Tuesday, oil companies raised prices of diesel by P1.35 a liter and gasoline by P1 a liter. Shell, Seaoil, Flying V and Caltex also raised prices of kerosene by P1.10 per liter. Kerosene prices have jumped 26 times but have decreased 11 times for a net increase of P12.71 per liter. LPG prices upPetron announced that it raised prices of liquefied petroleum gas (LPG), which is used for cooking, by P2.35 a kilogram. The decision of the Organization of Petroleum Exporting Countries (Opec) not to increase production has sent crude oil prices further upward.

Source: Philippine Daily Inquirer October 01, 2018 23:26 UTC