Prices of gasoline to go up; diesel, kerosene to go down on Tuesday

FILE PHOTO: An employee prepares to load gasoline on a tricycle at a Phoenix Petroleum petrol station in Paranaque city, Metro Manila, Philippines October 31, 2016. REUTERS/Ezra Acayan/File Photo

Local oil companies will implement a price hike on gasoline and a price rollback on diesel and kerosene on Tuesday, March 5.

Per the advisory of local oil companies on Monday, March 4, the prices of gasoline will increase by Php 0.10 per liter, while diesel will drop by Php 0.10 per liter and kerosene will drop by Php 0.35 per liter.

Shell Philippines, Petro Gazz Venture, Eastern Petroleum Corp., Total Philippines Corp., PTT Philippines Corp., Petron Corp., and Jetti Petroleum Inc. announced that they will implement the said price adjustments starting 6:00AM on Tuesday.

Other oil companies are expected to make similar announcements soon.

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