Another fuel price hike set this week

Fuel price increase. INQUIRER FILE PHOTO

MANILA, Philippines — Higher pump prices will greet motorists starting Tuesday, as oil companies will impose another round of increases.

In separate advisories on Monday, Seaoil, Petro Gazz, Cleanfuel, and Shell Pilipinas said the prices of gasoline would jump by 70 centavos per liter.

READ: Fuel prices up this week

Diesel and kerosene, meanwhile, will have upward adjustments of 40 centavos and 20 centavos, respectively.

Industry sources said late last week that the potential supply disruption in the global market, particularly amid the ongoing war between Russia and Ukraine, could lead to more expensive petroleum products.

Fuel retailers usually announce their price adjustments on Monday, with the implementation scheduled the following day.