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.