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Fuel prices resume hike

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gas stationPRICES of petroleum products resume their increase this week after last week’s break, with gasoline posting the biggest rise at P0.90 per liter (/L)​. Diesel will rise by P0.65/L while kerosene by P0.80/L starting at 6:00 a.m. today, July 25, for most of the oil companies. This week’s increase is among the steepest for gasoline, which recorded its biggest rise so far this year at P1.10/L in the second week of April. As in previous advisories, oil companies said this week’s increase follows the movement of prices in the international market. Last week, the prices of gasoline, diesel and kerosene declined by P0.20, P0.60 and P0.50, respectively. — Victor V. Saulon





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