OIL FIRMS TO HIKE DIESEL, CUT GAS PRICES TUESDAY

MANILA — Oil firms will increase diesel prices by 95 centavos per liter and rollback gas prices by 70 centavos per liter on Tuesday.

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

At the same day, Shell will also hike its kerosene prices by PHP1.05 per liter.

According to the Department of Energy’s Oil Monitor for Metro Manila, as of Feb. 2, diesel prices range from PHP17.90-21.80 per liter, while having a common price of PHP19.30 per liter.

Gasoline prices, on the other hand, range from PHP32.00-44.36 per liter. It has a common price of Php 36.95 per liter. PNA / northboundasia.com