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Oil price hike seen this week

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 159

OIL companies will again implement another round of price increases this week.

Industry insiders said hike in prices of gasoline and diesel will range from P0.15 to P0.20 per liter while kerosene will increase as high as P0.30.
   
The increase was due to movement of oil prices in the world market.
   
Last week, oil companies implemented a a P0.30 increase per liter for gasoline and P0.10 rollback in diesel.
   
Prices for kerosene, considered a basic commodity,  remained after President Rodrigo Duterte announce a State of Emergency following the bloody Davao blast that killed at least 15 person and injured 70 others.
   
The impending increase would be the sixth consecutive price since August.