OIL price adjustments will take effect on Tuesday.
In separate advisories, gasoline and kerosene prices will increase.
Meanwhile, diesel prices will be rolled back.
According to Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. they will increase the price of gasoline by P0.30 and kerosene by P0.20.
Diesel on the other hand will be rolled back by P0.30.
Meanwhile, Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will make the same changes but since they do not carry kerosene, thy will have no changes for it.
The said adjustments take effect at 6 a.m. on Tuesday, December 5.
Caltex and Cleanfuel are likewise expected to implement the changes at 12:01 a.m. the same day.
According to the Department of Energy (DOE) Oil Industry Management Bureau (OIMB) they said that there will be a mixed effect on petroleum products this week.