Gasoline, diesel up by 50 centavos

Jun 22, 2009

Oil_price_adjustment.jpg

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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