Pump prices continue to rise with no end in sight
MANILA - Oil companies will increase pump prices for the ninth straight week on Tuesday morning. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they will raise diesel prices by PHP0.80 per liter and gasoline by PHP0.90 per liter. Caltex, Seaoil, and Shell will also hike kerosene prices by PHP0.75 per liter. With the non-stop price increase on petroleum products, year-to-date increments for gasoline stood at PHP8.75 per liter, PHP10.85 per liter for diesel, and PHP9.55 per liter for kerosene. Tensions between Russia and Ukraine further escalated late last w...