Petroleum Products Price Change To Be Implemented On December Start

Petroleum Products Price Change To Be Implemented On December Start

PETROLEUM PRODUCTS – Several oil firms have announced that will implement price hikes in petroleum products on the beginning of December.

According to ABS-CBN News, oil industries Shell and Petro Gazz announced in separate advisories that the price of diesel will increase by P1.10 per liter while price of gasolinewill increase by P1.15 per liter.

There will also be an increase of P1.10 per liter for the price of gasoline.

The said changes is expected to take effect at 6 AM on the start of December (December 1, 2020), based on the report.

The last reported price change was on November 9, where price adjustments in fuel products were to be implemented on November 10.

VISIT: Price Change Implemented November 10, 2020

Several oil firms said that they will reduce prices per liter of gasoline by P0.20, while prices of diesel and kerosene will increase by P0.20 per liter and P0.40 per liter, respectively.

What do you think of this report? How will you react to this? Let us know more about it in the comments below.

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