OIL COMPANIES will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a slight decrease during the first week of May. Gasoline prices per liter (/L) will increase by P0.65, while diesel and kerosene will rise by P0.35 and P0.45, respectively. The increase will be implemented at 6:00 a.m. on Tuesday, May 29. Last week, oil companies raised the prices of gasoline, diesel and kerosene at P1.60, P1.15 and P1.00, respectively.
Separately on Monday, Phoenix Petroleum Philippines, Inc. said it is offering its high-performance fuels at discounted rates. From May 29 to 30, a discount of P5.00/L on gasoline and P2.00/L for diesel will be given to motorists at selected stations in Metro Manila. The discount will be available from 6:00 a.m. to 10:00 p.m., the company said. — Victor V. Saulon
