MANILA, Philippines — Local oil companies announced hefty increases in the prices of petroleum products effective Tuesday, March 26.
In separate advisories, the firms said the price of gasoline will climb by P2.20 per liter while diesel and kerosene will rise by P1.40 per liter and P1.30 per liter, respectively.
Pilipinas Shell and Seaoil will implement the upward price adjustment on Tuesday at 6 a.m. Cleanfuel will be the last to raise fuel prices at 4:01 p.m.
READ: Oil prices rise as geopolitical risk exacerbates supply concern
This week’s price increase came after the mixed adjustment implemented last week. On Tuesday, gasoline price went up by 10 centavos per liter but diesel dropped by 10 centavos per liter.
This is the second straight week that gasoline prices rose.
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