Petron to hike gas prices Tuesday

MANILA, Philippines - Petron Corporation, one of the three big oil companies in the country, on Monday night said it would adjust the prices of its kerosene, diesel and gasoline. In a text message to reporters, Petron spokeswoman Virginia Ruivivar said they would increase their gasoline price by P0.50 per liter. The company however would slash the prices of their diesel by P0.50 per liter and kerosene by P1 per liter. The adjustments would take effect 6 a.m. Tuesday, February 3. - Sophia Dedace, GMANews.TV