Fuel retailers to raise pump prices

ABS-CBN News

Posted at May 04 2015 05:56 PM | Updated as of May 05 2015 04:51 AM

MANILA, Philippines (UPDATE) - Oil companies are set to raise pump prices on Tuesday, May 5.

Petron Corp. said it will increase prices of gasoline by P0.95 per liter; P0.65/li for diesel; and P0.50/li for kerosene. The price adjustments will be effective 6 a.m. on Tuesday.

"These reflect movements in the international oil market," Petron said.

Caltex, meanwhile, said it will raise prices of gasoline by P0.95/li; diesel by P0.65/li; and kerosene by P0.50/li at 12:01 a.m. on Tuesday.

PTT Philippines said it will increase the price of gasoline by P0.95/li and diesel by P0.65/li at 12:01 a.m.