Oil firms to raise fuel prices

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MANILA, Philippines—Oil companies are set to raise their pump prices this week.

Shell, Cleanfuel, Petrogazz, and Seaoil said that they will increase gasoline prices by P1 per liter and diesel by P1.40 per liter.

Kerosene prices will go up by P1 per liter.

The price adjustments will take effect on Tuesday, Jan. 7.

Last week, oil companies lowered the prices of gasoline and diesel by P0.30 per liter and kerosene by P0.90 per liter.

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