Gasoline, diesel up by 50 centavos

Jun 22, 2009


It's starting to look like an ugly Tuesday affair.

Oil companies implemented another round of fuel price hikes to cope with the rise of global crude prices, a television report said.

Gasoline and diesel prices are now 50 centavos higher, while the price of kerosene is up by 75 centavos.

Pilipinas Shell implemented the price hike at 12:01 a.m., while Petron Corp., Chevron (formerly Caltex), and Total Philippines adjusted prices at 6 a.m.

Small player Eastern Petroleum also adjusted its fuel prices by 50 centavos on gasoline, diesel and kerosene.

Oil companies have been adjusting oil prices on Tuesdays since May.

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