OIL companies are set to raise pump prices on Tuesday, July 2, for the third consecutive week.
Shell and Seaoil said they will hike gasoline prices by P0.95 per liter and diesel by P0.65 per liter.
Kerosene prices will go up by P0.35 per liter.
Last week, oil firms raised the prices of gasoline, diesel and kerosene by P1.40, P1.75 and P1.90 per liter, respectively.
The latest announcements are in line with projections made by the Department of Energy’s Oil Industry Management Bureau (DOE-OIMB), citing the impact of the potential escalation of geopolitan unrest to the global supply outlook, and the production restriction of the Organization of Petroleum Exporting Countries.
metrosundaily
