Gas to breach P50/liter price Tuesday

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OIL companies on Monday announced a round of fuel pump price increases effective Tuesday, Nov. 14. The price increase was attributed by local oil companies to movements in the international petroleum market.

Among those that announced price increases were Shell Pilipinas, Petron, SEAOIL, PTT Philippines, and Flying V. The 95-centavos per liter increase will be raising the cost to as much as P50, when the new prices take effect at 6 a.m. on Nov 14.

Diesel prices will go up by 60 centavos and kerosene, by 95 centavos.

rw: jhd

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