Oil firms hike fuel prices anew

Motorists had to deal with some bad news on Tuesday as oil companies imposed yet another round of price hikes for several fuel products. Oil firms are to hike prices of premium, unleaded, regular, diesel and kerosene starting 6 a.m., according to a post on the "Saksi" Twitter account. Fuel firms Shell and Flying V are imposing these price hikes: - P1.05 per liter for unleaded gas - 75 centavos per liter for regular - 45 centavos per liter for diesel and kerosene Meanwhile, Petron said on its Twitter account, "Price increase (is) effective Feb. 5, 6 a.m." Petron's price hikes include: - P1.05 per liter for premium gasoline - 75 centavos per liter for regular gasoline - 45 centavos per liter for diesel and kerosene Tuesday's price hikes came a week after oil companies hiked prices of the same products. — DVM, GMA News