Manila, Oct. 13 -- Seaoil will hike by PHP0.30 per liter the price of its gasoline by 6 a.m. on Tuesday, the company announced Monday.

However, the price of its kerosene will be reduced by PHP0.20 per liter while there will be no adjustments for diesel prices.

This is the second consecutive week of gasoline price hike and a reversal for the kerosene and diesel prices.

Last week, an oil firm executive said the supply of diesel contributed to the positive outlook for its prices, given the lower-than-expected output increases in November.

Last week, gasoline prices rose by PHP0.20 per liter, diesel by PHP0.80 per liter, and kerosene by PHP0.20 per liter.

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