Published: Monday 19 December, 2016

OIL PRICE INCREASE: Gasoline, Diesel Prices Go Up Tuesday, Dec. 20

Another round of oil price adjustments have been announced by fuel retailers. The increases will take effect Tuesday, December 20.

oil price increase

Another oil price increase has been announced.

In separate announcements, local oil companies led by Petron and Shell have announced the following oil price increase for gasoline and diesel products: gasoline will increase by an average of P0.40 per liter while diesel will increase by an average of P0.70 per liter.

The price of kerosene will also go up by P0.65 per liter.

The latest oil price increase comes after international market prices soared following the agreement by OPEC and non-OPEC members to cut production.

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