MANILA, Philippines — Oil companies are set to implement a substantial hike in pump prices this week.
Shell, Cleanfuel, and Seaoil said they will raise gasoline prices by P1 per liter and diesel by P1.20 per liter.
The cost of kerosene will go up by P1 per liter.
The price adjustments will be implemented on Tuesday, August 20.
Last week, oil companies lowered the prices of gasoline by P2.45 per liter, diesel by P1.90 per liter and kerosene by P2.40 per liter.
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