Gas, diesel prices up by more than P1

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Oil prices drop this weekOIL COMPANIES are raising the prices of gasoline and diesel this week by more than a peso per liter in one of the biggest price adjustments so far this year. Gasoline will be up by P1.10 while diesel will rise by P1.20. Kerosene will also increase by P0.95 per liter. Most firms will be raising prices at 6 a.m. on Tuesday, May 15. The increase reflects the movement of prices in the international petroleum market. Oil retailers last raised the prices of gasoline and diesel by more than a peso per liter on the last week of March. Last week, the prices of gasoline, diesel and kerosene went down by P0.30, P0.30 and P0.60, respectively.- — Victor V. Saulon





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