Oil price hike takes effect Tuesday, say

MANILA -- Oil players are scheduled to impose another round of price adjustments this week.

They will implement an increase of P0.20 per liter on diesel prices, P0.30 per liter on gasoline prices, and P0.35 per liter on kerosene prices.

The price adjustment will take effect on Tuesday

for Shell, Petro Gazz, Phoenix Petroleum, PTT Philippines, and Total.

Cleanfuel will raise prices on Wednesday.

This weekʼs price hike ceases the five straight weeks of rollback on prices of diesel and kerosene, and four consecutive weeks for gasoline.