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Oil prices to go up this week

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 162

OIL companies are poised to implement oil price hike this week after six consecutive weeks of oil price rollback.

Industry insiders said the price increase would range from P0.65 to P0.75 per liter in pump prices in diesel, P0.55 in gasoline and kerosene P0.60 to P0.70 in kerosene.
   
The impending oil price hike will come at the heels of six consecutive weeks of oil price rollback that started last July.
   
The oil price increase would be the first in the Duterte administration.