Friday, May 3, 2024

Firms To Hike Oil Prices Ahead Of Christmas

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Firms To Hike Oil Prices Ahead Of Christmas

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Motorists will have to pay more for fuel ahead of the Christmas holidays.

Starting Tuesday morning, gasoline prices will increase by PHP0.75 per liter, while diesel prices will go up by PH0.85 per liter.

The announcement came from oil players, such as Cleanfuel, Petro Gazz, Seaoil, Shell, and Total.

Seaoil and Shell will likewise implement a price hike on kerosene products by PHP0.80 per liter.

This is the seventh consecutive week of price increases for diesel and kerosene while gasoline prices have been on the rise for four straight weeks. (PNA)