Prices of petroleum products are going up this week.
Oil firms on Monday announced an increase of P0.20 per liter for gasoline prices, P0.55 per liter for diesel and P0.60 per liter for kerosene.
According to Seaoil, Phoenix Petroleum, PTT Philippines, Pilipinas Shell and Caltex, they will adjust their pump prices at 6 a.m. of Tuesday, June 8.
Cleanfuel, on the other hand, will increase its petroleum products at 4:01 p.m.
Other oil firms will announce their price increase soon.
Last week, they raised gasoline prices by P0.80 per liter, diesel by P0.40 per liter and kerosene by P0.25 per liter.
This week’s price hike is the second consecutive week of price hike for all petroleum products.
The adjustments reflect price movements in the world oil market.