Oil firms to increase pump prices


Oil companies are set to raise prices of petroleum products effective Tuesday.

In separate advisories, they said they will be increasing gasoline prices by P1.05 per liter.

The oil firms added that they will also hike diesel prices by 15 centavos per liter and kerosene also by 15 centavos per liter.

The adjustments will take effect between 12:01 a.m. and 6 a.m. Tuesday.

According to the oil firms, the price increases were caused by movements in prices of petroleum products in the world market and reflective of foreign currency fluctuations.


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