MANILA -- As the country reels from the destruction of typhoon Juan (international codename: Megi), an oil company will impose a new round of oil price increase.
Independent oil player Phoenix Petroleum said it will jack up prices of gasoline by P0.50 starting 12:01 a.m. Wednesday.
This is to reflect the upward trend of oil prices in the international market, the company said. (Virgil Lopez/Sunnex)
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