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Oil firms announce price hikes of up to P2.70 starting Tuesday

The new round of sanctions from the United States and the United Kingdom on Russian oil will be affecting local oil prices, with hefty price hikes set Tuesday, Jan. 21.

Caltex, Cleanfuel, Petro Gazz, PTT, Seaoil, and Shell will increase gasoline prices by P1.65 per liter and diesel prices by P2.70 per liter.

Kerosene prices in Caltex, Seaoil, and Shell will also go up by P2.50 per liter.

Other oil firms are expected to follow suit.*

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