For the past three weeks, oil companies are experiencing cut down of pump prices due to the continuous movements in the global oil market.

Today starts the price hike as major oil players announced price increase of gasoline by P0.35 per liter and diesel by P0.20 per liter effective this morning.

Meanwhile, Independent oil players also are expected to increase its pump prices this week.

Cleanfuel, on the other hand, has announced to implement price increase today effective 4:00 p.m.