Pump prices rise for ninth straight week
Pump prices will rise for the ninth consecutive week starting Tuesday morning.
Diesel prices will increase by PHP0.80 per liter, while gasoline prices will go up by PHP0.90 per liter.
Kerosene prices will also see a PHP0.75 per liter hike for some companies.
The ongoing tension between Russia and Ukraine is contributing to global oil supply issues and price increases.
Despite this, the potential return of Iranian barrels in the market may temper these effects.
Year-to-date increments stand at PHP8.75 per liter for gasoline, PHP10.85 per liter for diesel, and PHP9.55 per liter for kerosene.
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