Hefty oil price hike looms

OIL companies will impose a hefty price increase on Tuesday, March 16.

The cost of gasoline will rise by P1.25 per liter, diesel by 90 centavos per liter, and kerosene by 85 centavos per liter.

Cleanfuel, Petro Gazz, Pilipinas Shell, and Seaoil announced the impending price increase on Monday.