FUEL RETAILERS yesterday announced another round of pump price hikes, marking the fourth straight week of increases for gasoline.
In an advisory, Petron Corp. and Shell Pilipinas Corp. said it will hike prices per liter of gasoline by P1.21 and diesel by P2.82, while rolling back kerosene prices by P2.11 per liter.
The adjustments will take effect at 6 a.m. today, May 19.
Other firms have yet to make similar announcements for the week as of press time.
An industry source earlier projected pump price increases this week, citing the re-escalation of geopolitical risks in the Middle East.
Retailers last week hiked prices per liter of gasoline by P0.47, while rolling back those of diesel by P9.57, and kerosene by P13.30. (GMA News)
