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Oil Companies Set To Implement Price Hike This Week

OIL PRICE HIKE – Several oil companies are set to implement an increase in the prices of petroleum products this week.

Oil price movement is usually the main reason why the prices of basic commodities and grocery products change. An increase in prices of petroleum products adds to the daily burden of Filipino drivers and other business establishments.

Recently, the biggest oil firms in the country announced that they would impose an increase in the price of petroleum products. The price adjustments are set to be imposed over the next few days after the rollback has been implemented last week.

Oil Companies

Shell announced that they would add P0.20 per liter of gasoline, P0.45 for kerosene, and PO.05 per liter of diesel. Flying V is also expected to implement the same price adjustment to their fuel products.

Meanwhile, Petro Gazz would impose price hike of P0.20 per liter of gasoline and P0.05 per liter of diesel.

The price adjustments for fuel products are expected to be implemented starting on Tuesday (September 29, 2020) at 6:00 am.

This is a developing story, just visit this website regularly or refresh the page for further updates.

What can you say about the oil price hike? Just feel free to leave your comments and reactions to this article.

Read Also: Oil Firms To Impose Big-Time Rollback on Pump Prices Next Week

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