MANILA, Philippines — Oil companies are implementing hefty fuel price hikes today as global oil prices have started to recover in the past two weeks. Gasoline prices would be increased by P2 per liter, diesel by P1.90 per liter and kerosene by P1.25 per liter. In the past trading week, global oil prices climbed for the second consecutive week. This is the second week local firms are raising gasoline prices. Oil companies raised gasoline prices by P0.75 per liter while diesel prices were rolled back by P0.10 per liter, and kerosene prices by P0.60 per liter last week.

Source: Philippine Star May 11, 2020 16:06 UTC