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Oil firms raise fuel pump prices for 5th week straight

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For the fifth week in a row, petroleum prices will go up this week.

Gasoline prices will increase by P1 per liter, diesel by P0.65 per liter and kerosene by P0.70 per liter.

Seaoil, Caltex, PTT Philippines, Pilipinas Shell, Petron said Monday they will implement the price hike at 6 a.m. of Tuesday, January 29. Cleanfuel, meanwhile, will adjust its prices at 4:01 p.m.

Other oil firms are expected to adjust their prices.

The oil companies adjust their pump prices weekly to reflect movement of international oil prices.

This week’s price hike will result in year-to-date adjustments to stand at a total net increase of P11.75 per liter for gasoline, P9.90 per liter and P8.40 per liter for kerosene.

Read full article on BusinessMirror

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