Manila: Motorists will face another round of fuel price increases on Tuesday, with pump prices set to rise by as much as PHP1.20 per liter, oil companies announced Monday. In separate advisories, Seaoil and Petron said they would raise gasoline prices by PHP1.20/liter, diesel by PHP0.60/liter, and kerosene by PHP0.60/liter effective 6 a.m. According to Philippines News Agency, Caltex will implement the same adjustments by 6:01 a.m. PTT Philippines and Jetti Petroleum will also increase diesel prices by PHP0.60/liter and gasoline by PHP1.20/liter by 6 a.m. The increase marks the sixth consecutive week of price hikes for gasoline, diesel, and kerosene, driven largely by supply concerns stemming from ongoing geopolitical tensions abroad. Last week, gasoline prices increased by PHP0.60/liter, diesel by PHP1.00/liter, and kerosene by PHP0.60/liter.
