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.