Oil firms hike prices anew

GASOLINE prices went up by P0.25 per liter and kerosene by P0.15 per liter starting 6 a.m. Tuesday to reflect the movement of world oil prices.

PTT Philippines, Seaoil Philippines, Eastern Petroleum, Phoenix Petroleum Philippines, among others, issued separate advisories of the oil price increase. Other oil firms like Petron Corp. and Pilipinas Shell Petroleum Corp. are expected to follow suit. 

Oil prices have been going up slightly in recent weeks due to the continuing impact of the Organization of the Petroleum Exporting Countries’ decision to cut production starting January.