Petroleum Products Price Increase To Take Effect On February 16, 2021

Petroleum Products Price Increase To Take Effect On February 16, 2021

PETROLEUM PRODUCTS – Oil firms have said that there will be a price increase on the price of petroleum products to take effect on Tuesday.

According to a report from ABS-CBN News, certain oil companies have announced an increase of prices in oil products, which is set to take effect on Tuesday, February 16.

Oil firms Shell at Seaoil announced an increase of prices in diesel by P1.25 per liter and an increase of P0.75 per liter in the prices of gasoline.

The same oil firms have announced an increase of P1.10 per liter for the prices of kerosene.

It is set to take effect at about 6 AM in the said day, based on the report.

This is the third straight week for the price increase in gasoline, and the 2nd price increase in kerosene.

There was an increase in oil products last week, as previously reported.

VISIT: Oil Companies Set to Impose Another Pump Price Hike This Week

There was an increase of P1.10 per liter for the price of diesel, P0.85 per liter for the price of gasoline, and an increase of P1 per liter for the price of kerosene.

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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