OIL COMPANIES are raising the prices of petroleum products this week after last week’s price cut that saw a more than one peso reduction in the cost of diesel. Based on their advisories as of Monday afternoon, gasoline will increase by P0.35 per liter (/L), while diesel will be up by P0.60/L. The price of kerosene will also rise by P0.45/L. Most oil companies will implement the price adjustment at 6:00 a.m. on Tuesday, Aug. 20. The price increase comes after last week’s hefty reduction, with diesel prices decreasing by P1.10/L. Gasoline prices dropped last week by P0.50/L, while kerosene by P1.30/L. — Victor V. Saulon

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