Diesel up by P1, gas by 50¢

MANILA, Philippines - Pilipinas Shell is increasing anew the pump prices of its petroleum products.

In an advisory, Shell said it will raise effective today its diesel prices by P1 per liter.

Shell is also increasing the prices of its kerosene and gasoline by 75 centavos and 50 centavos per liter, respectively.

It was learned that PTT Philippines is also raising its prices by the same level as Shell.

Other oil companies have yet to announce oil price adjustments as of press time.

Oil firms adjust their prices every month to reflect the true cost of petroleum products based on international oil prices.