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Oil firms hike prices

September 27, 2021 Edd Reyes 303 views

LOCAL oil firms will hike fuel prices, the fifth consecutive week of pump price increases, effective today.

In separate advisories, Pilipinas Shell, Petron Corp. and Chevron Philippines will implement a P0.90 price hike on diesel, P0.55 for gasoline and P0.95 for kerosene.

Pilipinas Shell and Petron Corporation will implement the price adjustments around 6 a.m. today while Chevron Philippines at 12:01 a.m.

Independent oil firms PTT Philippines, Total Philippines, Petro Gazz and Seaoil announced the same price adjustments on their diesel and gasoline products effective 6 a.m. while Clean Fuel at 4:01 p.m.

Thai-led PTT Philippines Communication Officer Jhay Julian said the continued spiking of international oil prices have caused domestic prices to climb.