Oil firms raise fuel pump prices

OIL companies announced they would increase fuel prices starting Tuesday.

Gasoline prices will go up by P0.65 per liter, diesel by P0.05 per liter and kerosene by P0.05 per liter.

The price hike takes effect at 6 a.m. of April 6. It would be implemented by Seaoil, PetroGazz, Total Philippines, Pilipinas Shell and PTT Philippines. Meanwhile, Cleanfuel’s price adjustment will take effect at 4:01 p.m.

Other oil firms are expected to announce their price adjustment soon.

Last week, pump prices went down by P1.20 per liter for gasoline, P1.40 per liter for kerosene and P1.30 per liter for diesel.

Image credits: Alysa Salen