Oil firms raise pump prices

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After two weeks of price rollbacks, oil companies will implement a hefty price increase on Tuesday.

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Five oil players announced the price adjustment on Monday — PTT Philippines, Phoenix Petroleum, Unioil, Eastern Petroluem and Flying V.

The price of diesel will go up by P1.50 per liter, while the cost of gasoline will increase by P1.10 per liter.

SeaOil and Flying V will also adjust the price of kerosene by P1.10 per liter.

PTT, Seaoil and Eastern Petroleum will adjust their prices at 6 a.m. while Flying V will implement the new prices at 12:01 a.m.

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