Seaoil to increase product prices by P1 per liter

Starting Tuesday midnight, independent oil company Seaoil will increase gasoline, diesel, and kerosene prices, eight days after it cut product costs. The independent oil player will raise prices by P1.00 per liter for its gasoline, diesel, and kerosene products, the company said in an official advisory sent through text-messaging. Prices were increased to “reflect the upward trend in the global petroleum market prices," the same text message said. On February 15, Seaoil reduced kerosene and diesel prices by P0.50 and P0.25 respectively. - RJAB Jr., GMANews.TV