Oil companies again hike diesel, gas prices

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Pilipinas Shell, Eastern Petroleum, Phoenix Petroleum, Seaoil, PTT Philippines and Flying V will increase the pump prices of diesel and gasoline by 60 centavos and 65 centavos per liter, respectively, on Tuesday, May 23.

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The price of kerosene will go up by 70 centavos per liter.

All oil companies will adjust their prices at 6 a.m. on Tuesday except for Flying V which will implement the price increase at 12 midnight.

The latest price changes were triggered by price movements in the world market.

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