MANILA, Philippines — Oil companies implemented minimal fuel price increases today following three successive weeks of price cuts. In separate advisories, oil firms announced gasoline prices would be raised by 35 centavos per liter, diesel by 20 centavos and kerosene by 25 centavos per liter. Caltex Philippines said its price hike took effect 12:01 a.m. But two days before the week closed, oil prices increased after two oil tankers in the Gulf of Oman were attacked, which stoked concerns about potential supply disruptions, Reuters reported. Last week, oil companies slashed gasoline prices by P1.70 per liter, diesel by P1.05 per liter and kerosene by P1 per liter.

Source: Philippine Star June 17, 2019 17:37 UTC