MANILA – Oil companies will implement price hikes on gasoline and kerosene products starting Tuesday morning.
Chevron, Cleanfuel, Flying V, Petro Gazz, Petron, Phoenix Petroleum, Seaoil, Shell, Total, and Unioil said in separate advisories that they will raise gasoline prices by PHP0.10 per liter.
The kerosene prices of Chevron, Flying V, Seaoil, and Shell will also increase by PHP0.20 per liter.
There will be no movement in diesel prices this week.
Oil firms have been increasing fuel prices for three straight weeks already.
As of this posting, West Texas Intermediate and Brent crude were trading at USD38.03 and USD40.21 per barrel, respectively. (PNA)