Oil firms to adjust pump prices Tuesday

MANILA — Oil firms will slash gas prices by 40 centavos per liter and hike diesel prices by 55 centavos per liter Tuesday.

In separate advisories, Pilipinas Shell Petroleum Corp., Seaoil Philippines Inc. and Phoenix Petroleum Philippines said they will apply the new prices at 6:00 a.m., Tuesday.

Shell and Seaoil will also hike kerosene prices by 20 centavos per liter. PNA/northboundasia.com