Small oil players raise prices

Small oil players on Saturday announced their plan to raise the pump prices of petroleum products.

DZMM reported that Unioil Philippines Inc. is set to increase pump prices of petroleum products by 50 centavos per liter on Monday.

Seaoil Philippines Inc. raised its prices Saturday morning.

The price adjustment was meant to partially recover from the steep increase in world oil prices, which had reached a four-month high this month.


abs-cbnNEWS.com