Four oil companies raised the prices of petroleum products on Tuesday.
Petron, Pilipinas Shell, Total and Seaoil increased the cost of gasoline by 45 centavos,kerosene by 50 centavos and diesel by 60 centavos.
They said the price adjustment “reflects the movements in the international oil market.”
Other oil companies have yet to announce if they will also hike their prices.
Ruben Manahan 4th