Oil prices rise anew; consumers urge government to halt 10% oil tariff

in World News

By Lenie Lectura & Elijah Felice Rosales

THE government was urged by the Laban Konsyumer Inc. (LKI) on Monday to issue the guidelines for the halting of the collection of the temporary 10-percent tariff on fuel to pave the way for a big-time price rollback.

This, as oil firms announced on Monday they are raising pump prices anew this week.

For the fifth consecutive week since the start of June, prices of diesel and kerosene are on the rise. It will go up again on Tuesday by P0.30 per liter for diesel and P0.40 per liter for kerosene.

Gasoline prices, which are on the rise for four straight weeks since the start of this month, will increase by P0.70 per liter.

The price adjustment of Sea­oil Philippines, Petro Gazz, PTT Philippines, Phoenix Petroleum, Cleanfuel and Total Philippines takes effect at 6 am of June 30.

Other oil firms will follow

Read More: https://businessmirror.com.ph/2020/06/30/oil-prices-rise-anew-consumers-urge-government-to-halt-10-oil-tariff/

Photo Credit: BusinessMirror

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