Oil firms to adjust pump prices Tuesday

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

In an advisory, Flying V, Seaoil Philippines Inc., Caltex Philippines Inc., Shell Petroleum Corp., Unioil Petroleum Philippines Inc., Phoenix Petroleum Philippines and PTT Philippines will cut diesel prices by 10 centavos per liter and kerosene prices by 15 centavos per liter effective 6:00 a.m. Tuesday.

Also on Tuesday, Eastern Petroleum will implement a 5-centavo per liter rollback on its kerosene prices.

Meanwhile, all these firms will hike gasoline prices by 20 centavos per liter.

As of Oct. 18, diesel prices range from PHP27.40-30.75 per liter while gasoline prices range from PHP35.40-PHP44.94 per liter, according to the Department of Energy. PNA-northboundasia.com