Local oil firms hike pump prices by up to P2.50 per liter effective Aug 15
MANILA -Oil firms will raise the pump prices of petroleum products for the sixth week in a row on Tuesday, Aug. 15, with prices expected to rise by up to P2.50 per liter. In separate advisories, the companies said they would increase the prices of gasoline by P1.90 per liter and diesel by P1.50 per liter. The price of kerosene will likewise rise by P2.50 per liter. Shell and Seaoil will implement the price adjustments by 6 a.m. on Tuesday. According to Rino Abad, director of the Department of Energy (DOE) Oil Industry Management Bureau, this was still due to the cut in daily outputs in Saudi Arabia. Saudi Arabia, the world's largest oil exporter, previously said it would ...Keep on reading: Local oil firms hike pump prices by up to P2.50 per liter effective Aug 15
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