Oil firms hike pump prices

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After seven consecutive price cuts, oil companies on Tuesday raised prices of petroleum products.

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Big-time players Petron, Shell and Chevron, together with independent firms Seaoil and PTT, raised gas prices by 65 centavos per liter, diesel by 25 centavos per liter and kerosene by 15 centavos per liter effective 6 a.m. on Tuesday.

There was no movement in the price of PTT’s kerosene.

Petron also rolled back prices of its liquefied petroleum gas by 70 centavos per kilogram and auto LPG by 39 centavos per liter.

The price adjustments resulted from movements in the international oil market.

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