• Oil firms to implement fuel price hike


    Oil companies will impose another round of increase in fuel prices this week.

    In an advisory, Pilipinas Shell said it would increase gasoline price by 10 centavos per liter.

    Other oil firms such as Petron Corp., Chevron, Phoenix Petroleum Philippines, PTT Philippines, Total, Flying V, Eastern Petroleum and SeaOil are expected to follow suit.

    Oil firms usually impose price adjustments between 12:01 and 6am on Tuesday.

    The latest fuel price hike was because of the movement of crude prices in the world market.

    Last week, oil companies hiked the price of gasoline by P1.75 per liter, diesel by P1.95 per liter, and P1.85 per liter for kerosene.



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