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Oil firms hike prices today

Oil companies will hike prices today.

In separate advisories, Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines said they will hike gasoline prices by 65 centavos per liter and diesel prices by 40 centavos per liter at 6 a.m.

Shell will also increase kerosene prices by 35 centavos per liter.

The increases reflect the five-day trading average gains in international markets which were slightly mitigated by the impact of the United Kingdom’s exit from the European Union. (PNA)