PTT Philippines hikes gas, diesel prices

ABS-CBN News

Posted at Sep 01 2014 08:41 PM | Updated as of Sep 02 2014 04:41 AM

MANILA – PTT Philippines announced on Monday a price hike for its gasoline and diesel products effective Tuesday.

PTT said prices of its gasoline products will increase by P0.65 per liter while diesel will increase by P0.25 per liter effective 6 a.m. on Tuesday, September 2.

Other oil firms have yet to announce price adjustments.

The Department of Energy (DOE) earlier said a spike in gasoline, diesel and kerosene prices is expected this week.

DOE said gasoline prices will go up by less than P1 per liter while estimates from sources said the spike range is from P0.70 to P0.85 per liter.

Diesel prices, on the other hand, may go up by less than P0.50. Sources said the range will be from P0.20 to P0.30 per liter.