Manila, July 28 -- Oil firms have announced price adjustments on July 29, but areas affected by recent storms have been excluded.

In separate advisories, Seaoil and Jetti said prices of their diesel products would be hiked by PHP0.60 per liter effective 6 a.m., but diesel prices would be reduced by PHP0.10 per liter.

"The adjustments reflect the movement on prices of refined fuel products, freight and market premiums in the international market," Jetti said in a statement.

Seaoil will also increase kerosene price by PHP0.40 per liter.

"In support of DOE's request, SEAOIL will defer the diesel price adjustment this week in typhoon-affected areas - Regions 1 and 2," Seaoil said.

Meanwhile, Jetti said excluded from these price adjustmen...