• Oil firms to hike prices anew

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    OIL companies are again set to increase their pump prices on Tuesday.

    In separate advisories on Monday, oil firms said they will implement the price hike at 6 a.m.

    Oil giant Petron Corp. will jack up its diesel prices by 65 centavos per liter; 10 centavos per liter for gasoline and 70 centavos per liter for kerosene.

    Eastern Petroleum Corp. will increase the price of its diesel products by 70 centavos per liter. It said the price adjustments reflect the uptrend in world oil prices at the close of last week’s trading.

    Oil firms last week also increased the prices of gasoline by 20 centavos per liter and kerosene prices by 15 centavos per liter.

    However, they lowered diesel prices by 10 centavos per liter.

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