Philippines: Gas prices up PHP1.35 per liter starting July 25

Oil firms will increase gasoline prices by PHP1.35 per liter and diesel by PHP0.45 per liter starting Tuesday, July 25.

Caltex, Seaoil, Shell, Petron, PTT Philippines, PetroGazz, Phoenix Petroleum, Cleanfuel, Unioil, Flying V, and other oil companies will implement the price hikes at different times on Tuesday.

The increases come amid global tensions between Russia and Ukraine and output cuts by Saudi Arabia, leading to tighter oil supply.

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