MANILA, Philippines — After last week’s rollback, oil companies are set to impose a price hike on petroleum products this week.
Industry players said that there will be a P0.90 to P0.95 per liter increase for gasoline while P 0.50 to P0.55 per liter increase for diesel.
Also, there will be a P0.80 to P0.90 per liter increase for kerosene.
Meanwhile, a large percentage of gasoline stations in the country have already implemented the oil excise tax. In relation to the oil price hike, Sen. Bam Aquino called once again on President Rodrigo Duterte to suspend the implementation of the oil excise tax. — UNTV News and Rescue
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