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Oil firms raise prices of petroleum products

/ 04:08 AM December 03, 2019

MANILA, Philippines — Diesel prices at the pump will go up on Tuesday by 65 centavos per liter, ending a nine-week run that saw prices slashed by a total of P2.70 per liter.

Pilipinas Shell, Seaoil, Total Philippines, PTT Philippines and Pheonix also announced that gasoline prices will go up by 30 centavos per liter.

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Shell and Seaoil raised prices of kerosene by 50 centavos per liter.

From this month’s lowest of $57.49 per barrel, prices of the benchmark Dubai approached $62 at $61.93 per barrel on Nov. 25 amid expectations that major crude oil producers will extend an agreement to limit their output.—RONNEL W. DOMINGO

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TAGS: Fuel Prices, oil firms
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