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Oil prices to increase Tuesday

Metro Manila (CNN Philippines) — Fuel companies are expected to raise prices of gasoline, diesel, and kerosene on Tuesday (April 19).

Shell, Petron, PTT Philippines, Phoenix, SEAOIL, Eastern Petroleum, and Flying V will increase gasoline prices by P1.10 per liter.

They will also raise diesel prices by P1.50 per liter.

Shell, Petron, SEAOIL and Flying V are also expected to increase prices of kerosene by P1.10 per liter.

The oil price hike for Shell, Petron, PTT Philippines, Phoenix, SEAOIL, and Eastern Petroleum is scheduled at 6 a.m. while Flying V will raise prices by 12:01 a.m.

The oil price hike is to reflect movements in the international petroleum market.

CNN Philippines’ correspondent Kristine de Guzman contributed to this report.

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