MANILA, Philippines – Oil firms will raise pump prices on Tuesday, August 26, due to recent world developments influencing oil markets.

Shell, Seaoil, Cleanfuel, and Petrogazz on Monday said that gasoline prices will go up by P0.70 per liter, and diesel prices by P0.50 per liter.

Oil firms to hike pump prices Tuesday, This news data comes from:http://yamato-syokunin.com

The cost of kerosene will go up by P0.30 per liter.

Last week, local oil companies raised the cost of gasoline by P0.60 per liter but lowered the prices of diesel by P0.80 per liter and kerosene by P0.90 per liter.