MANILA, Philippines - Oil companies Petron Corp., Pilipinas Shell, Chevron Philippines and Total Philippines on Tuesday morning implemented another round of fuel price increases.
The oil companies raised the prices of their gasoline products by 45 centavos per liter and diesel and kerosene by 90 centavos per liter at 6 a.m.
Petron said that the latest price increase is based on prices of oil in the international market and the foreign exchange rate.
The increase came a week after the companies increased the prices of the gasoline products by P1.05 per liter, diesel by P1.45 per liter and kerosene by P1.30 per liter.