Oil firms to hike pump prices Tuesday

MANILA — Oil companies will hike pump prices effective early Tuesday.

Flying V, Phoenix Petroleum, Seaoil and Unioil announced an increase of 0.35 centavos for every liter of gasoline and diesel by 0.60 centavos per liter.

Prices of kerosene will also increase by 0.40 centavos per liter for Seaoil and Flying V.

According to the oil companies, the increase in oil prices reflects the movement of prices in the international petroleum market. Sharifeh Roda/PNA-northboundasia.com