Another round of oil price hike takes effect today

(Eagle News) — Another round of oil price increase took effect today, March 12,

In an advisory, Shell, Petro Gazz, Caltex, Total, PTT Philippines, Jetti, Flying V, Petron and Eastern Petroleum, raised the prices of their petroleum products at 6 a.m. this morning, with an increase of 90 centavos per liter of gasoline.

There is however no price movement in the prices of diesel and kerosene.

This is already the fifth consecutive week of price increase in petroleum products due to the continued rise in prices of crude in the world market.

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