Oil firms to hike pump prices Tuesday

MANILA — Oil firms will increase pump prices Tuesday.

In separate advisories, Seaoil Philippines Inc. and PTT Philippines said they will hike diesel prices by PHP1.25 per liter and gasoline prices by PHP1.60 per liter.

Seaoil will also increase its kerosene prices by PHP1.15 per liter.

Both firms will apply the price changes at 6:00 a.m. on Tuesday.

The Department of Energy (DOE) said in its oil monitor for Metro Manila as of March 8 that diesel prices range from PHP19.95-22.30 per liter, while gasoline prices range from PHP31.95-39.65 per liter. PNA / northboundasia.com