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Another round of oil price hike

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 211

ANOTHER round of oil price hike is set to be implemented by oil companies this week, oil industry insiders said yesterday.

The price hike would range from P0.15 to P0.30 per liter of diesel and kerosene. However, the price of gasoline will remain the same.
     
The price hike was allegedly due to movement of oil prices in the world market though there was no clear explanation why the increase will only be in diesel and kerosene.
   
The increase would be the fifth since the oil price hike started last month.