Oil firms raise fuel prices anew


Posted at May 11 2015 10:39 PM | Updated as of May 12 2015 06:39 AM

MANILA – Oil firms announced on Monday that they will raise prices of fuel products on Tuesday.

Petron Corp. said it will increase prices of gasoline by P0.50 per liter; diesel by P1.10/L; and kerosene by P1.25/L.

“These reflect movements in international oil market,” Petron said.

Phoenix Petroleum Philippines and Total, meanwhile, will increase gasoline prices by P0.50/L and diesel by P1.10/L.

The price increase will be effective 6 a.m., Tuesday.