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Firms hike prices on fuel products by at least P0.95/l

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The country’s oil firms hiked pump prices by as much as P1.30 per liter effective 6 a.m. today to reflect the movement of prices in the world oil market.

Department of Energy director for the oil industry management bureau Rodela Romero said last week world oil prices continued to be volatile. These price adjustments resulted in a year-to-date net increase of P12.25 per liter for gasoline, P11.35 per liter for diesel, and P5.94 per liter for kerosene.

 

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