Another gasoline increase

This is another bad news, oil Companies had raised their gasoline and diesel prices by PHP 0.50/liter.

The following oil firms hiked their prices on Tuesday at 6 AM: Pilipinas Shell Petroleum Corp., Chevron Philippines Inc., Total Philippines Corp. and City Oil Philippines while Petron Corp., followed at 12NN.

Usually, Diesel price hikes up during the winter months since there is a higher demand for heating oil in the western part of the globe, thus, increasing oil prices per barrel in the world market.