Philippines oil prices to increase on March 25

inquirer.net

Oil companies are raising fuel prices starting March 25. This comes after a small price cut of 20 to 40 centavos last week. Several companies, including Jetti Petroleum, Petro Gazz, Seaoil, Shell Pilipinas, Caltex, and Cleanfuel, will increase gasoline prices by P1.10 per liter. Diesel and kerosene prices will go up by 40 centavos per liter. The Department of Energy and industry experts warned about the price hikes due to global events affecting oil prices, particularly tensions in the Middle East. The Philippines relies on oil imports, so changes in the global market directly impact local prices.


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