MANILA — Oil companies are set to increase fuel prices once more, marking the ninth (9th) consecutive week of such adjustments, scheduled for Tuesday, September 5, 2023.

On Monday, Pilipinas Shell, Petron, and Seaoil disclosed their plans to raise gasoline prices by P0.50 per liter, diesel by P1.20 per liter, and kerosene by P1.10 per liter.

These price modifications will be implemented at 6 a.m. on Tuesday.

The ongoing trend of price hikes can be attributed to the reduction in supply imposed by oil-producing nations and a surge in demand in Western countries.