Oil companies are poised to raise their pump prices this week.

Shell, Cleanfuel and PetroGazz said that the cost of gasoline and diesel will go up by P0.40 per liter. Shell and Seaoil said kerosene prices will increase by P0.30 per liter.

The price adjustments will take effect on Tuesday, May 28, 2024.

Last week, oil companies lowered the cost of gasoline by P0.10 per liter but raised the prices of diesel and kerosene by P0.25 and P0.30 per liter, respectively.