Oil firms to raise gasoline prices tomorrow

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For the third straight week this month, oil companies will be raising the price of gasoline but at a lower rate of increase compared with the previous weeks.

The price of gasoline will rise by P0.30 per liter, while diesel will be down by P0.15 a liter. Kerosene will be unchanged after last week’s P0.70 per liter hike.

All of the companies that sent their advisories as of 5:00 p.m. on Monday said they would be implementing the price adjustment at 6:00 a.m. on Tuesday, July 17.

“This is to reflect movements in the international petroleum market,” said Seaoil Philippines, Inc.

Last week, the prices of gasoline and diesel both went up by P0.40 and P0.35 per liter, respectively. — Victor V. Saulon