• Oil prices up again

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    Oil companies Petron Philippines, Pilipinas Shell, Total Philippines and Chevron Philippines increased the price of gasoline on Tuesday by 60 centavos per liter and diesel by 45 centavos per liter.

    Petron, Shell and Chevron also raised the cost of kerosene by 40 centavos per liter.

    The price adjustments took effect at 6 a.m.

    In an advisory, Petron said the price adjustments “reflects movements in the international oil market and the foreign exchange rate.”

    On July 2, Petron increased the price of liquefied petroleum gas by P2.50 per kilogram.

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