Oil firms to adjust pump prices

by Alvin Elchico, ABS-CBN News

Posted at Mar 24 2014 11:15 AM | Updated as of Mar 25 2014 12:37 AM

MANILA, Philippines (2nd UPDATE) - Fuel retailers are adjusting pump prices this week.

Shell and Petron announced they will increase the price of diesel by P0.10/liter, and slash prices of unleaded gas by P0.45/liter and kerosene by P0.10/liter effective 12.01 a.m. March 25 (Tuesday).

PTT Philippines will likewise raise the price of diesel by P0.10/liter and cut the price of gasoline by P0.45/liter at 12 a.m., March 25.

Phoenix Petroleum will adjust its pump prices at 6 a.m., March 25.

Eastern Petroleum will reduce gasoline prices by P0.50/liter at 12:01 a.m., Tuesday. There will be no movement in diesel prices.