Oil firms hike prices

December 02, 2019

FOLLOWING a series of pump price rollbacks, big and small oil firms will implement an increase in their petroleum products effective today.

Pilipinas Shell, Petron Corporation and Chevron Philippines will jack up their prices of diesel products by P0.65 centavos per liter, kerosene by P0.50 centavos per liter and gasoline by P0.30 centavos per liter effective at 6 a.m. today.

PTT Philippines, Petro Gazz Total Philippines, Phoenix and Uniol in their separate advisories said they will also implement the same price adjustment at 6 a.m. today.

Other independent oil firms have yet to announce their respective price adjustments but they are likely to follow suit.

Energy sources said local oil companies rolled back the prices of petroleum products to reflect the movement of rates in the international oil market.