Big hike in fuel prices set on Tuesday

ABS-CBN News

MANILA (UPDATE) — Oil firms are set to implement another large hike in pump prices on Tuesday. The following oil firms have confirmed that they will be hiking fuel prices tomorrow at these times:Caltex (12:01 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/L KEROSENE +P1.90/LShell, Seaoil (6 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/L KEROSENE +P1.90/LJetti Petroleum, Petro Gazz (6 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/LCleanfuel (4:01 p.m.) GASOLINE +P2.60/L DIESEL +P1.70/LOther oil firms are expected to announce similar price hikes. The hikes follow the 1.66 million barrels per day cut in production by the Saudi-led Organization of Petroleum Exporting Countries and Russia. Meanwhile independent LPG vendor Regasco said it would cut prices P2.50 per liter starting Tuesday.The company said the world contract price of LPG has gone down due to low consumption following the end of winter in Asia. Price increases in fuel were partly responsible for pushing inflation to 14-year highs in the past few months.Finance Secretary Benjamin Diokno however has downplayed the impact of the OPEC production cuts saying he still expects inflation to have already peaked.— With reports from Alvin Elchico and Jervis Manahan, ABS-CBN News<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/04/03/23/oil-market-surges-on-shock-output-cuts'>Oil market surges on shock output cuts</a></li></ul>RELATED VIDEO<figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2571592' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div><div class='iwantbar'> </div>

Jetti Petroleum, Petro Gazz (6 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/LCleanfuel (4:01 p.m.) GASOLINE +P2.60/L DIESEL +P1.70/LOther oil firms are expected to announce similar price hikes. The hikes follow the 1.66 million barrels per day cut in production by the Saudi-led Organization of Petroleum Exporting Countries and Russia. Meanwhile independent LPG vendor Regasco said it would cut prices P2.50 per liter starting Tuesday.The company said the world contract price of LPG has gone down due to low consumption following the end of winter in Asia. Price increases in fuel were partly responsible for pushing inflation to 14-year highs in the past few months.Finance Secretary Benjamin Diokno however has downplayed the impact of the OPEC production cuts saying he still expects inflation to have already peaked.— With reports from Alvin Elchico and Jervis Manahan, ABS-CBN News<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/04/03/23/oil-market-surges-on-shock-output-cuts'>Oil market surges on shock output cuts</a></li></ul>RELATED VIDEO<figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2571592' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div><div class='iwantbar'> </div>

Caltex (12:01 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/L KEROSENE +P1.90/LShell, Seaoil (6 a.m.) GASOLINE +P2.60/L DIESEL +P1.70/L KEROSENE +P1.90/L

MANILA (UPDATE) — Oil firms are set to implement another large hike in pump prices on Tuesday. The following oil firms have confirmed that they will be hiking fuel prices tomorrow at these times:

Big hike in fuel prices set on Tuesday | ABS-CBN News

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Big hike in fuel prices set on Tuesday

Big hike in fuel prices set on Tuesday