Oil firms to adjust pump prices Tuesday

MANILA — Oil firms will implement adjustments in pump prices effective Tuesday.

In separate advisories, Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines said they will cut gasoline prices by 15 centavos per liter.

However, both firms announced that they will also hike diesel prices by 15 centavos per liter at 6:00 a.m. Tuesday.

Shell added there will be no price change for kerosene.

With the price movement, diesel prices in Metro Manila will range from PHP25.30-29.55 per liter, while gasoline will range from PHP36.50-43.75 per liter. PNA/northboundasia.com