AFTER five straight weeks of oil price rollbacks, oil firms announced price increases in petroleum products.
In separate advisories, Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp. (Shell), and Seaoil Philippines Inc. announced price increases per liter of gasoline by P1.60, diesel by P1.35, and kerosene by P1.20.
Meanwhile, independent oil industry players Cleanfuel and Petro Gazz Ventures Phils. Corp. will likewise implement the same price hikes except for kerosene, which is not part of their petroleum product offerings..
The price hikes for Shell, Seaoil and Petro Gazz start at 6 a.m. on Tuesday, December 14, while Caltex price adjustment will take effect at 12:01 a.m., and Cleanfuel at 4:01 p.m. on the same day.
No price hike announcements yet for the other oil companies