Oil companies will implement price adjustments starting 12:01 a.m. today.
In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil and Shell said they will increase prices of gasoline by PHP0.30 per liter while diesel prices will decline by P0.40 per liter.
Caltex, Seaoil and Shell will also hike kerosene prices by P0.10 per liter.
Other oil firms are expected to follow suit.
With the oil price hikes last week, local prices of gasoline have increased by P10.75 per liter and diesel prices up by P1.05 per liter since the start of 2023.
On the other hand, kerosene prices declined by P1.15 per liter.
Oil companies have implemented price hikes for gasoline and kerosene for three straight weeks.*PNA