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Oil prices rise again

Oil prices are going up anew effective this morning, marking the second consecutive week of an increase.

In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will hike gasoline prices by P0.20 per liter, and diesel by P0.50 per liter.

Caltex, Seaoil, and Shell will also raise prices on kerosene by P0.60 per liter.

Other oil firms are expected to follow suit.

As local oil firms implemented a price increase a week ago, year-to-date adjustments for gasoline rose by P9.30 per liter, P7.60 per liter for diesel, and P6.10 per liter for kerosene.*PNA

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