Oil companies raise product prices for the second time this Feb

For the second time this February, motorists get to grin and bear it as oil companies raised anew the prices of their products early Tuesday. Petron announced on Twitter that it raised gasoline, diesel and kerosene prices effective 6 a.m. Tuesday. It said the price hikes included: P1.20 per liter for premium gasoline, diesel and kerosene P1.10 per liter for regular gasoline. A report on dzBB radio said that Shell and Flying V imposed similar price hikes. Only last Feb. 5, oil firms hiked prices of their products by: - P1.05 per liter for premium - 75 centavos per liter for regular - 45 centavos per liter for diesel and kerosene — DVM, GMA News