Oil companies hike pump prices of gasoline, diesel

MANILA, Philippines — Major oil companies announced another wave of fuel price increases to be implemented effective on Tuesday.

In separate advisories, local oil companies raised gasoline and diesel prices by P0.90 per liter and P1.80 per liter, respectively, while kerosene prices went up by P2.30 per liter.

Since the year began, the cumulative net increase in fuel prices already stood at P5.30 for diesel, P3.50 for gasoline and P5.50 for kerosene. This is the third consecutive week of oil price increases.

—KARL R. OCAMPO