Oil companies have announced an oil price hike that will take effect on Tuesday (December 15).
In separate advisories, Shell, Clean Fuel, and Petro Gazz announced that they will increase their gas prices by P0.50 per liter and P0.60 per liter for diesel.
Meanwhile, Shell will also up their Kerosene prices by P0.55.
Shell and Petro Gazz will implement the price hike at 6:00 a.m., while Clean Fuel will implement the price hike at 4:00 p.m.
The Department of Energy (DOE) report said gasoline prices have increased by P3.47 per liter as of December 1. Diesel prices, on the other hand, increased by P7.76 per liter and kerosene prices went up by P11.19. —AAC
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