MANILA, Philippines- After a few weeks of implementing the oil price rollback, it seems that the oil companies in the country have recovered because they will implement a large-scale increase in the price of petroleum products, especially diesel products, effective tomorrow.
In the notice issued by the oil companies led by Pilipinas Shell, Petron Corporation, Seaoil, PTT Philippines, Total Philippines, Unioil, Petro Gazz and Phoenix Petroleum, they will implement an oil price hike of P1.20 per liter of gasoline, P3.50 per liter of kerosene, and P6.85 per liter of diesel effective at 6 am.
The company Caltex (CPI) and Cleanfuel also have a large price increase in the similar amount of diesel and gasoline effective at 8:01 am.
The large-scale increase in the price of petroleum products to be implemented is due to the continuous movement of its price in the international market. JAY Reyes
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