Oil Companies To Implement Fuel Price Hike Starting December 1
A fuel price hike is expected to be implemented by several oil companies starting December 1, 2020.
One of the companies that will be implementing a fuel hike, Petro Gazz, just announced that their diesel and gasoline will increase by ₱1.10 per liter and ₱1.15 per liter respectively, starting 6:00 am on Tuesday, December 1.
Meanwhile, Shell and Seaoil will implement the same increase to their products and a ₱1.10 per liter hike for kerosine on the same date and time. Shell, however, said that a price freeze on kerosene will remain implemented in areas under a state of calamity following the recent typhoons.
Meanwhile, Clean Fuel will introduce the same price changes at a later time on Tuesday, starting 4:01 p.m.
✅ FUEL PRICE ADVISORY: Cleanfuel will implement price adjustment, effective Tuesday, December 1, 2020 at 4:01pm.
Petron will also increase their prices especially for LPG and AutoLPG with ₱0.96 per kilogram and ₱0.54 per liter respectively which will be effectively come 12:01 am on December 1, 2020. According to Petron, the hike reflects the international contract price of LPG for December.
Phoenix Petroleum Philippines will also increase its gasoline prices by ₱1.15 per liter and ₱1.10 per liter for diesel. The price hike will take effect on the same date, December 1 at 6:00 am.