Fuel prices up this week

AFTER TWO weeks of decline, diesel prices this week rose by P0.20 per liter to follow the movement of petroleum product prices in the international market. Gasoline prices increased by P0.35 per liter, its sixth straight week of increase, oil retailers that sent their advisories as of 5:00 p.m. said on Monday. Kerosene prices increased by P0.20 per liter after two consecutive weeks of decrease. For most oil companies, the price increase were implemented at 6:00 a.m. on Tuesday, Aug. 29. Last week, gasoline prices rose by P0.20 per liter while diesel prices slipped by P0.10 a liter. Kerosene prices dropped by P0.15 per liter. — Victor V. Saulon