Petron, Chevron, Eastern Petroleum will enforce mix adjustment on pump prices

April 8, 2013 10:28 pm 

MANILA, April 8 — At least four oil companies announced on Monday to implement mixed price adjustments on their petroleum products.

In separate price advisories sent on Monday afternoon, major oil companies Petron Corp. and Chevron Philippines (formerly Caltex) and independent oil players Eastern Petroleum and Seaoil will enforce price hike of P.25 per liter for diesel and P.30 per liter on kerosene but they would cut pump prices on all gasoline products by P.45 per liter.

The up-and-down price movement will take effect 6 a.m. Tuesday.

It was the second movement on pump prices for April which initiated by Petron–among other oil companies–who opened the month of April by implementing a price hike on unleaded and premium gasoline by P.35 per liter.

According to Petron this reflects movement in the international market.

Meanwhile, other oil companies have not yet to announced their adjustments as of press time. (PNA)

DSP/CLTC

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