Oil companies raising gasoline prices by P1.50 per liter

Oil companies are raising petroleum prices starting Tuesday in light of movements in the world crude market.

FLYING V, Petron Corp., SEAOIL Philippines Inc. and Pilipinas Shell Petroleum Corp.  are implementing the following price increases:

• Gasoline to go up by 1.50 per liter

• Diesel to go up by 1.20 per liter

• Kerosene to go up by 1.40 per liter

PTT Philippines Corp., Eastern Petroleum Corp., TOTAL Philippines Corp., Unioil Petroleum Philippines Inc. and Phoenix Petroleum Philippines Inc., except for kerosene.

The adjusted prices will take effect at 12:01 a.m. for Flying V and 6 a.m. for the rest of the companies on Tuesday, November 29.

Latest data from the Department of Energy (DOE) showed gasoline prices in the country range from P34.60 to P44.10 per liter, and diesel from P25.75 to P29.32. — VDS, GMA News