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Gasoline prices up P1.20/L

Gasoline prices will increase by P1.20 per liter Tuesday morning.

In separate advisories, Seaoil, PTT Philippines and Jetti Petroleum said the price hike will be implemented at 6 a.m. on December 9.

However, there will be no adjustments on the prices of diesel and kerosene.

The increase in gasoline price this week is the second in a row since last week, given the impact of possible peace talk between Russia and Ukraine, as the US is firm on making this happen.

An oil firm official earlier said supply constraints and robust demand in Asia are factors for price developments in the region.*PNA

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