Business & Economy

Oil firms hike gasoline prices

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MANILA -- Oil firms are increasing gasoline prices and rolled back those for kerosene at the pump on Tuesday as speculation persisted in the international market over prospects of escalating violence in Syria and Libya, which may affect neighboring fuel producers.

 

No price movements were reported for diesel.

PTT Philippines is implementing its P0.30 per liter increase on gasoline products at 12 noon Sept. 10.

From 6 a.m., Petron, Shell, and Seaoil imposed P0.30 per liter increases in their gasoline products and shaved off P0.30 per liter from kerosene.

“This reflects movements in the international oil market,” Petron said in its advisory.

TOTAL also adjusted pump prices for gasoline with an increase of P0.30 per liter starting 6a.m.

Including this week’s adjustments, the year-to-date net increases in gasoline and diesel have reached P3.54 and P4.08 per liter, respectively. 

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