Oil companies raise pump prices of fuel

Stock photo of fuel pumps. STORY: Oil companies raise pump prices of fuel

FILE PHOTO

MANILA, Philippines — Local oil companies jacked up the pump prices of gasoline, diesel, and kerosene on Tuesday by as much as P1.50 per liter.

In separate advisories, oil firms said the price of gasoline would go up by P0.40 per liter; diesel, P1.50 per liter; and kerosene, P1.25 per liter.

Caltex reflected the price increments at 12:01 a.m. followed by Pilipinas Shell, Seaoil, Jetti Petroleum Inc., and Petro Gazz at 6:00 a.m. and Cleanfuel at 4:01 p.m.

The upward adjustments came a week after oil companies cut their prices by P0.70 per liter for gasoline, P1.30 for diesel, and P1.80 for kerosene.

—MEG J. ADONIS

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