Oil companies raise pump prices of fuel

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Local oil companies jacked up the pump prices of gasoline, diesel and kerosene on Tuesday by as much as P1.50 per liter.

P0.40 per liter; diesel, P1.50 per liter; and kerosene, P1.25 per liter. Caltex reflected the price increments at 12:01 a.m. followed by Pilipinas Shell, Seaoil, Jetti Petroleum Inc.

and Petro Gazz at 6:00 a.m. and Cleanfuel at 4:01 p.m. The upward adjustments came a week after oil companies cut their prices by P0.70 per liter for gasoline, P1.30 for diesel and P1.80 for kerosene.

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