Oil companies announce new round of oil price adjustments

Oil companies announce new round of oil price adjustments

By Liza Soriano

Philkotse photo courtesy

MANILA — Effective tomorrow, (Aug 30, 2022) a new round of oil price adjustments will be implemented on petroleum products fossil fuel companies said.

In the notice issued to the media by oil companies, it said that the price hike of each liter of diesel and kerosene is pegged at P6.10 to a liter.

Meanwhile, an increase of P1.40 is expected in the price of each liter of gasoline.

Motorists have already taken advantage of filling up their tanks on Monday a day ahead of the proposed new round of oil price hikes, causing long lines and traffic among gas stations.
(ai/mtvn)

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