Wednesday, February 04, 2009

Effective 12:01am yesterday, Chevron, Shell and SeaOil implemented a 50 cent price hike on gasoline and rollbacks of 50 cents and P1.00 for diesel and kerosene respectively. Following their announcement, Petron also implemented the same price changes effective 6:00am yesterday. PTT Philippines, on the other hand, implemented a 50 cent rollback on diesel effective at 12:01am today. No changes on the prices of their other petroleum products were announced.

With this latest round of price changes, the Big 3's pump prices for gasoline has gone up by P1.75 while diesel has gone down by P3.75 since the start of the year. I'm sure the smaller players have slightly different price movements but since the majority of all gas stations in the metro belong to the Big 3, this doesn't really make that big an impact for the average consumer.

P.S. Sorry for the late reporting. We're all pretty busy these days.