Oil companies raise petroleum prices

OIL prices are on the rise again.

Oil companies announced on Monday price hikes on gasoline by P0.35 per liter, diesel by P0.55 per liter and kerosene by P0.80 per liter.

The upward price adjustment reflects movements in the world oil market, Seaoil Philippines said.

Seaoil, Phoenix Petroleum,  PTT Philippines and Total Philippines will adjust their pump prices at 6 a.m. on Tuesday, April 17.

Other oil firms are expected to follow suit.

Last week oil firms implemented a price rollback in gasoline for P0.40 per liter and P0.30 per liter for diesel. The price of kerosene did not increase.

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