Sunday, January 15, 2012

3rd Oil Price Hike

Independent Oil Company and the Department of Energy (DOE) said that there will be a price hike on petroleum products will start next week.

This January 2012, petroleum products rise twice and the third oil price hike is very possible next week or maybe a few days more.

Fernando Martinez, Independent Philippine Petroleum Companies Association confirms the oil price hike due to a price hike also in world market. But Martinez never said any amount.

The price hike was a P1.75 per gasoline liter and P1.50 in every liter of diesel. The second one is about P.80 cents in every gasoline liter and P.50 in diesel and P.40 in kerosene.


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