MANILA, Philippines – Oil firms will again hike their pump prices this week mostly due to the global market reacting to recent oil-related developments.
Shell, Seaoil, and Cleanfuel said that they will increase gasoline prices by P0.40 per liter and diesel by P1.10 per liter. The cost of kerosene will go up by P0.70 per liter.
The price adjustments will be implemented on July 22.
Last week, oil companies raised the prices of gasoline by P0.70 per liter, diesel by P1.40 per liter, and kerosene by P0.80 per liter.