Mixed oil price adjustments set this week

Metro Manila (CNN Philippines, October 30) – A mixed round of fuel price adjustments will take effect beginning Tuesday, oil companies announced.

In separate advisories on Monday, Seaoil and Cleanfuel said the per-liter cost of gasoline will increase by 45 centavos, while the price of diesel will drop by ₱1.25 per liter.

Kerosene prices will also be reduced by ₱1.20 per liter, Seaoil said.

The new pump rates of Seaoil will take effect at 6 a.m. while Cleanfuel's adjustments will be implemented at 12:01 a.m.

Other oil companies are expected to make similar announcements at the beginning of the week.

According to the Department of Energy's Oct. 24 data, the oil price adjustments have resulted in a year-to-date increase of ₱13.75 per liter for gasoline, ₱11.70 per liter for diesel, and ₱6.24 per liter for kerosene.