QUEZON City, Philippines (Eagle News) — Various oil companies implemented another round of oil price hikes effective Tuesday morning, April 18.
Gasoline prices were increased by 45 centavos (Php 0.45) per liter while diesel prices increased by P0.65 centavos per liter. For kerosene, the price increase was 60 centavos (Php 0.60) per liter.
Big oil companies such as Pilipinas Shell, PTT Philippines, Flying V and Seaoil announced their price adjustments this morning at 6:00 AM, while others are expected to follow.
According to the Department of Energy (DOE) the latest oil price adjustment was due to the movement of oil prices in the world market.
This is the second round of oil price hikes this month.