Oil prices hike again amid pandemic

Marje Pelayo

MANILA, Philippines — Heftier pump prices of fuel products greeted motorists Tuesday(June 30), as prices of gasoline, diesel and kerosene marked another price hike that took effect at 6:00 a.m. today.

In separate advisories, Chevron Philippines Inc., Flying V, Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will increase the price of gasoline by P0.70 per liter; diesel by P0.30/L, and kerosene by P0.40/L.

Meanwhile, Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Total Philippines Corp. also implemented the same adjustments, except for kerosene which they do not carry.

Other firms are expected to make their announcements anytime within the week.

The price hike was prompted by the movement of fuel prices in the international oil market.

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