Oil firms to hike pump prices Tuesday

MANILA — Flying V and Pilipinas Shell Petroleum Corp. will increase their pump prices Tuesday.

In an advisory, Flying V and Shell said they will hike gasoline prices by 70 centavos per liter and diesel prices by 60 centavos per liter. Flying V will apply the price movements at 12:01 a.m., while Shell will implement the changes at 6 a.m.

The oil firms will also hike kerosene prices by 55 centavos per liter.

Other oil firms are expected to make similar announcements within the day.

Petron meanwhile increased liquefied petroleum gas prices by PHP4.15 per kg. on Sunday, while hiking Xtend auto LPG prices by PHP2.32 per liter. PNA-northboundasia.com