Over P1/liter hike for gasoline, diesel

Metro Manila, Philippines — Oil companies will raise fuel prices on Tuesday, Nov. 26, according to separate advisories.

Caltex, Cleanfuel, and Seaoil said gasoline will cost P1.15 per liter more, and diesel P1.10 per liter.

Caltex and Seaoil said the price of kerosene will increase by P0.80 per liter.

Fuel companies implemented a rollback on Nov. 19.

The Department of Energy said possible factors for the price increase are the “escalating geopolitical situation around Russia,” heavy losses and lower production of Russia’s oil refinery business, and Norway’s reported oil production outage.