Oil companies will continue to increase the price of diesel for the fourth consecutive time this month and also impose an upward adjustment on gasoline tomorrow (May 25).
Based on separate advisories, Caltex, Petron, Shell, and Cleanfuel are raising the price of diesel by ₱0.25 per liter.
Meanwhile, the three oil players (except Cleanfuel) shared that they will also jack up the pump price of gasoline by ₱0.15 per liter. On the other hand, kerosene will reflect a ₱0.15 per liter decrease.
Other fuel firms are expected to follow the price movements.
Last week, gasoline price was went down by ₱0.20 per liter, while diesel rose by ₱0.20 per liter.
Photos from Ruben D. Manahan IV