Fuel prices up anew

Local oil firms churned out another fuel price hike Tuesday, increasing product prices by up to P0.70 a liter.

At past midnight, major oil firms Pilipinas Shell and Chevron Philippines (formerly Caltex) announced identical price increases on their respective petroleum products.

According to the two companies’ advisories, their adjustments took effect at 6 a.m. Tuesday.

Under the latest hike, the price of unleaded gasoline was raised by P0.60 a liter; regular gasoline by P0.70 a liter; kerosene by P0.40 a liter and diesel by P0.25 a liter.

Holy Tuesday’s price hike was the fourth consecutive, sweeping increase on the part of the oil firms since the last week of March.

Petron Corp., the other remaining major oil firm, said through spokesperson Raffy Ledesma that it has yet to make an advisory for the week.

Read more at Manila Bulletin

 

Con Yap