ANOTHER oil price increase takes effect this week.
Oil companies announced Monday they will hike pump prices Tuesday morning following movements in the world oil price market.
Gasoline prices will increase by P0.45 per liter, kerosene by P0.65 per liter and diesel by P0.35 per liter.
Petron Corporation, Pilipinas Shell, PTT Philippines, Phoenix Petroleum, Total Philippines, Caltex Philippines will implement the price adjustment at 6 a.m. of April 27.
Cleanfuel, meanwhile, said it would adjust its pump prices at 4:01 p.m., Tuesday.
Other oil firms are expected to follow suit.
This is the third oil price hike for the month.
Last week, gasoline prices went up by P0.60 per liter, kerosene by P0.85 per liter and diesel by P0.70 per liter.
Image credits: Photo from www.petron.com.