Diesel in highest rise this week at P1.45/L

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OIL COMPANIES will raise the prices of diesel products this week by P1.45 per liter (/L), the biggest increase so far this year and the eighth week of price hikes since early August. Gasoline products will also go up by P1/L, the ninth straight week of increase. Kerosene prices will be up by P1.35/L. The price adjustment takes effect at 6:00 a.m. Today. “These reflect movements in the international oil market,” Petron Corp. said, adding that the prices are inclusive of value-added tax. Last week, the per liter prices of gasoline, diesel and kerosene products rose by P1.00, P1.35 and P1.10, respectively. — Victor V. Saulon