Oil firms hike prices anew

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ANOTHER round of increases in prices of petroleum products will be imposed by oil companies on Tuesday.

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In an advisory, independent oil firm PTT Philippines is set to hike price of gasoline by 95 centavos per liter effective 12:01 a.m., Tuesday.

It will raise price of diesel by 65 centavos per liter.

Other oil firms such as Seaoil, Phoenix Petroleum Philippines, Eastern Petroleum, Flying V, Total, Pilipinas Shell, Petron Philippines and Chevron Philippines are expected to impose the same price adjustment.

Last week, the oil companies also increased gasoline prices by 70 centavos per liter and diesel by 30 centavos per liter.

The increase reflected continued upward movements in prices of refined petroleum products in the international market.

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