Oil companies again increase pump prices


OIL firms will again hike prices of petroleum products today.

In separate advisories, Pilipinas Shell and Phoenix Petroleum Philippines said they will increase price of gasoline by 85 centavos per liter, diesel by 80 centavos per liter and kerosene by P1 per liter effective at 6 a.m.

Other oil companies such as Chevron, Petron, PTT Philippines, Seaoil and Eastern Petroleum are expected to follow suit.

The recent price hike was due to the surge of crude prices in the international market.

Last week, oil companies raised the price of diesel by P1.50 per liter and gasoline by P1.15 per liter.


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