Diesel, kerosene prices up today

Oil firms raised diesel and kerosene prices today, reflecting the uptrend in global oil markets.

Diesel prices went up by P0.35 per liter, and kerosene by P0.25 per liter. Gasoline prices remain unchanged this week.

In separate text advisories, Pilipinas Shell Petroleum Corp. and SeaOil Philippines Inc. said they implemented their price hikes at 6 a.m.

Phoenix Petroleum Philip- pine Inc., Eastern Petroleum Corp. and PTT Philippines Corp. implemented the price hikes on diesel products also at 6 a.m.

Meanwhile, Flying V raised diesel and kerosene prices effective 12:01 a.m. while UniOil Petroleum Phil- ippines Inc. adjusted prices at 6:01 a.m.

Petron Corp. and Total Philippines Corp. have yet to announce their respective advisories as of this press time.

During last week’s trading, global oil prices were on an uptrend after a major Canadian crude pipeline shut down following a spill and a drawdown on fuel inventories in the United States showed the tightening of supply.

Optimism that the Organization of the Petroleum Exporting Countries (OPEC) and non-member countries will extend their production cut agreement contributed to higher oil prices globally.

OPEC will meet on Nov. 30 to discuss whether the agreement will be extended beyond March 2018.