Motorists should brace for higher fuel costs as major oil companies confirmed a two-phase price hike set for this week.
In separate advisories, Seaoil, Shell, and Caltex announced that fuel prices will increase in two stages—first on Monday, June 24, followed by a second round on Wednesday, June 26.
For both days, gasoline prices will go up by PHP1.75 per liter, diesel by PHP2.60 per liter, and kerosene by PHP2.40 per liter.
CleanFuel also confirmed it will implement a PHP1.75 per liter increase in gasoline and a PHP2.60 hike in diesel prices starting June 24.
The Department of Energy (DOE) earlier explained that the staggered implementation was agreed upon by oil firms to help ease the burden on Filipino consumers amid the rising cost of fuel.
