Oil firms to adjust fuel prices Tuesday

Posted at 03/10/2014 7:37 PM

MANILA, Philippines – Several oil firms announced on Monday that it will adjust prices of gasoline, diesel, and kerosene products on Tuesday.

Petron Corp. and SEAOIL said it will increase prices of gasoline products by P0.10 per liter and rollback prices of kerosene by P0.40 per liter and diesel by P0.40 per liter.

Petron's and SEAOIL's adjustments will be effective 12:01 a.m. on Tuesday, March 11.

PTT Philippines Corp. will also implement an increase of P0.10 per liter on gasoline and a P0.20 per liter rollback on diesel and effective 12:01 a.m. on Tuesday.

Meanwhile, Pilipinas Shell will hike gasoline prices by P0.10 per liter, slash kerosene prices by P0.40 per liter, and cut diesel prices by P0.20 per liter effective 6 a.m.

Phoenix Petroleum will likewise increase gasoline prices by P0.10 per liter and cut diesel prices by P0.20 per liter effective 6 a.m.

Price adjustments were made to reflect movements in the international oil market. -- Report from Alvin Elchico, ABS-CBN News