MANILA– Petron Corp., Seaoil Philippines Inc. and PTT Philippines Corp. will hike diesel prices by P1.30 per liter and gasoline prices by P0.95 per liter today.
The three firms will implement the new prices at 6 a.m., Feb. 23 to reflect price movement in the international petroleum market.
Petron Corp. and SPI will also hike kerosene prices by P1.30 per liter.
Silay solar farm
The inauguration of the Silay Solar Farm will be held in Hacienda Maquina, Barangay Rizal, Silay City, this morning.
Citicore Power constructed the solar plant that is expected to produce 25 megawatts of solar power, the firm's project director Manny Candelaria, said earlier.
Meanwhile, i nternational investors who are expected to join the inauguration of the P10-billion solar farm in Barangay Tinampaan, Cadiz City on March 3 are also coming to the province to assess the possibility of investing in Negros Occidental, Cadiz City Mayor Patrick Escalante said on Saturday.
Peso slightly up vs. dollar
MANILA- - The Philippine peso ended yesterday sideways against the greenback even on back of higher inflation rate in the US.
It finished the trade at 47.60 from 47.66 Friday last week.
Rate of price increases in the US surpassed expectations after hitting 1.4 percent in January 2016 due to faster increases of medical cost, and rents.
A trader said this made investors a bit bullish earlier in the trading on hopes that another hike in the Federal Reserve rate is in the offing in a few weeks.