Oil firms hike prices anew

One week after giving motorists and commuters a price rollback, oil companies are raising prices of their products again on Tuesday.

 

Petron, Shell and Chevron are increasing prices of gas, diesel and kerosene effective 6 a.m. Tuesday, radio dzBB reported.

 

All three firms cited adjustments in the prices of oil in the world market as bases of their price hikes, the dzBB report added.

 

In a post on its Twitter account, Petron said its price increases include:

 

- 60 centavos per liter for gasoline

- 45 centavos per liter for diesel

- 40 centavos per liter for kerosene

 

Chevron and Shell are imposing similar price adjustments, the dzBB report said.

 

Only a week ago, oil firms announced rollbacks in prices of some of their fuel products.

 

Last week's rollbacks included:

 

- 55 centavos per liter for gasoline

- 45 centavos per liter for diesel

- 65 centavos per liter for kerosene

 

— ELR, GMA News