Oil firms to hike pump prices Tuesday

MANILA — Oil companies will implement a hike in petroleum prices effective Tuesday.

In an advisory, Pilipinas Shell Petroleum, Phoenix Petroleum Philippines and Flying V announced it will increase the prices of its gasoline and diesel by PHP0.50 and PHP0.25 per liter, respectively.

Shell and Flying V also said there will be no movement for kerosene prices.

Other firms are expected to make similar announcements within the day. PNA-northboundasia.com