Oil prices hike anew

Tuesday, February 14, 2012

OIL companies implemented another round of price increases in their fuel products on Tuesday, Valentine's Day.

Pilipinas Shell, Petron Corporation and Caltex increased their diesel prices by P0.85 per liter and P0.50 per liter for gasoline.

The price hike took effect at 6 a.m. Tuesday.

The price increase was due to the increase of oil price in the international market. (Sunnex)