3 oil firms raise petroleum prices

3 oil firms raise petroleum prices:

3 oil firms raise petroleum prices


MANILA, Philippines—Local oil companies have again jacked up prices of petroleum products starting Tuesday to reflect the continued uptrend in prices in the global market.



Pilipinas Shell Petroleum Corp., Petron Corp. and Seaoil Philippines have raised prices of diesel by 75 centavos per liter, kerosene by 60 centavos a liter, and of regular gasoline by 25 centavos a liter. At the same time, the oil firms have also cut prices of premium gasoline by 45 centavos a liter.



The price adjustments of Pilipinas Shell and Petron took effect on Tuesday while Seaoil is implemented its new pricing on Wednesday (August 29).



This latest round of oil price h...

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