Oil firms raise fuel prices starting Tuesday
Oil firms will raise fuel prices starting Tuesday due to the rebound in global oil prices.
Diesel prices will increase by PHP1.35 per liter, gasoline by PHP1.60 per liter, and kerosene by PHP1.20 per liter.
This marks a reversal after five consecutive weeks of price reductions.
The adjustments follow negative sentiments over the Omicron variant subsiding.
Year-to-date, gasoline prices have increased by PHP15.70 per liter, diesel by PHP13.05, and kerosene by PHP10.49.
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