Another oil price hike
FOR three consecutive weeks, local oil firms implemented another price increase of their petroleum products effective today, Tuesday.
Major oil companies Pilipinas Shell and Petron Corporation adjusted their gasoline products by P0.20 per liter, while kerosene and diesel by P0.35 per liter effective at 6 a.m. Tuesday.
Chevron Corporation imposed the same price adjustments much earlier at 12:01 a.m.
Thai-led PTT Philippines, Petro Gazz, Total Philippines, Phoenix Petroleum and Unioil also adjusted their diesel products upward by P0.35 per liter and gasoline by P0.20 per liter at 6 a.m. today, Tuesday while Clean Fuel also followed suit effective at 4:01 p.m.
Oil industry players said the adjustments reflect the movements in the international oil market.
