Gas, diesel prices hiked Tuesday

General

Apr 272015

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MANILA, Philippines–Oil firms are raising pump prices this week amid continued buying in the regional market.

Petron, Shell, Chevron, Seaoil, Total, Eastern Petroleum, PTT Philippines, Flying V and Phoenix Petroleum are set to hike prices by 70 centavos per liter for gasoline and 30 for diesel beginning Tuesday.

Fuel prices were also raised last week following two weeks of rollbacks.

The total price increase since January for gasoline is P3.07 per liter and 39 centavos per liter for diesel.

International market reports said fuel inventories continued to rise even as the number of active US oil rigs continued to plunge.–Riza T. Olchondra