Oil firms hike prices


OIL companies imposed a minimal hike in pump prices on Tuesday.
Petron Corp., Pilipinas Shell, Chevron Philippines Inc. (Caltex), SeaOil and Eastern Petroleum increased the price of gasoline by 30 centavos per liter.

The cost of kerosene went up by 10 centavos per liter. There price of diesel remained the same.

Except for Chevron and Eastern Petroleum, the price adjustment took effect at 12:01 a.m. Tuesday.

Other oil companies have yet to make similar announcements.
The price hike was caused by a slight increase in the price of oil in the world market.


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