Oil price hike takes effect third day of New Year
The surge on gasoline and diesel prices took effect on Tuesday, following the announcement of an oil price increase by several companies on Monday.
Flying V, Total, Shell, and Phoenix have announced that they would implement an additional P0.60 per liter for diesel and P0.70 per liter for gasoline on Tuesday, just three days into 2017.
It is expected that other companies will follow within the day.
Radyo Inquirer reported this is the fourth consecutive week that companies announced an oil price increase. JE/rga
Subscribe to our daily newsletter
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.