Oil price hike back

February 24, 2020

AFTER a series of price rollbacks on diesel and kerosene products, local oil firms will raise their pump prices effective today.

Major oil firms Pilipinas Shell, Petron Corporation and Chevron Philippines will implement minimal increases of 30 centavos per liter of gasoline, 20 centavos per liter of diesel and 35 centavos per liter of kerosene effective at 6 a.m. today.

Independent oil firms PTT Philippines, Phoenix Petroleum Philippines, Total Philippines, Uniol and Petro Gazz also announced the same price adjustments on their gasoline and diesel products also at 6 a.m. today.

Other oil firms have yet to announce their respective price increases but they are expected to follow suit.

Energy sources said the increase of petroleum products is due to the rising oil prices in the international market.