Gasoline, diesel pump prices increase
FOUR independent oil companies have increased pump prices effective 6 a.m. Tuesday, September 17, 2019.
Phoenix Petroleum Philippines Inc., PTT Philippines Corporation, Seaoil Philippines Inc., and Total (Philippines) Corporation increased gasoline prices by P1.35 per liter and diesel by P0.85 per liter.
As of September 11, Department of Energy (DOE) monitoring showed that common gasoline prices in Metro
Manila ranged from P49.99 per liter for RON 91 to P53.44 per liter for RON97. Diesel was priced at P41.04 while diesel plus was P43.99 per liter.
In Cebu City, the common price for gasoline ranged from P50.47 to P52.10 per liter while the common price for diesel was P42.79 per liter as of Sept.10, 2019.
In Mandaue City, Cebu, the common prices of gasoline was P52.45 to P53.45 per liter while for diesel, P43.95 per liter.
In Mindanao, gasoline was sold from P44 to P52.2 per liter while diesel was priced at P40.2 to P51.26 per liter as of Sept. 10, 2019.
The DOE is monitoring pump prices of Petron Corporation, Chevron Philippines (Caltex), Pilipinas Shell and independent oil companies Total, PTT, Phoenix, Flying V and Seaoil.
Meanwhile, Petron assured that it has enough supply in the wake of the drone attack on Saudi Aramco’s oil fields over the weekend.
“We wish to assure the public that there will be no supply disruption from our end. We have adequate supply to support our domestic requirements,” Petron said in a statement.
“Meanwhile, we are closely monitoring the situation and hoping that normalcy will be restored soon,” it added.
The attack on Saudi Aramco’s facilities wiped out over half of Saudi Arabia’s production capacity and cut about 5.0 percent of the global oil supply, causing double-digit jumps in global oil prices when the markets closed Monday, September 16.
Foreign Affairs Secretary Teodoro Locsin Jr. earlier warned that the Saudi attack would impact the Philippines “deeply.”
“This is serious. It will—not could—affect us deeply; to put it bluntly, an oil shortage or steep rise in oil price will rock the Philippine boat & tip it over. So everybody shut the fuck up and focus. No more clowns. Declaring state of emergency won’t save our economy but kill it,” he posted on Twitter Sunday, Sept. 15, 2019.