OIL companies will impose another hefty increase in pri- ces of petroleum products on Tuesday.
In separate advisories, Phoenix Petroleum Philippines and SEAOIL said they will increase the price of gasoline by P1.10 per liter while the cost of diesel will go up by 60 centavos per liter.
SEAOIL will also adjust the price of kerosene by 80 centavos per liter. The new prices will take effect at 12:01 a.m. today.
Phoenix will adjust its rates at 6 a.m.
Other oil firms such as Pilipinas Shell, Chevron Philippines (Caltex), Petron Philippines, Flying V, Total Philippines, Eastern Petroleum and PTT Philippines have yet to announce their own price adjustments.
According to oil companies, the price increase reflects the movements in the international petroleum market.