By Anna Leah Gonzales | Philippine News Agency
Oil companies will implement a big-time increase in oil prices beginning Tuesday.
In separate advisories on Monday, Petro Gazz, CleanFuel, Caltex, Seaoil, and Shell announced a hike in gasoline prices by P1.50 per liter and P2.10 per liter for diesel.
Caltex, Shell, and Seaoil also announced a P1.20 per liter increase for kerosene.
The price adjustment will start at 6:00 a.m. Tuesday.
Last week, oil firms increased diesel and kerosene prices by P0.75 and P0.50 per liter, respectively.
Gasoline prices, however, were reduced by P0.10 per liter.
Latest data from the Department of Energy showed that as of Nov. 5, the total adjustment of gasoline and diesel stood at a net increase of P8.65 per liter and P7.30 per liter, respectively.
On the other hand, kerosene has a total net decrease of P2.60 per liter.