Oil firms hike pump prices, lower LPG prices

Several oil firms announced Tuesday adjustments in the prices of their products effective Wednesday.

Pilipinas Shell Petroleum Corporation and Petron Corp. said pump prices of their respective diesel products will increase by P1.50 per liter while gasoline and kerosene products are set to increase by P1.00 per liter effective 12.01 a.m., April 1 (Wednesday).

In a text message, Pilipinas Shell spokesperson Roberto Kanapi said, the increase in pump prices is needed to reflect higher production costs.

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