Diesel in biggest hike this year at P1.35/L

OIL COMPANIES will be raising the prices of petroleum products this week, led by diesel’s P1.35-per-liter (/L) increase, its biggest price hike so far this year. Gasoline will rise by P1.00/L, its biggest since the P1.15 increase in end-July. Kerosene will be up P1.10/L. The price hikes reflect the movement of prices in the international market. The changes will be imposed starting at 6:00 a.m. on Tuesday, Oct. 2. With this week’s increase, the year-to-date price adjustments for diesel stood at a net increase of P10.70/L, gasoline at P10.40/L, and kerosene at P9.35/L. — Victor V. Saulon