MANILA, Philippines — Oil companies are poised to raise their pump prices for the fourth consecutive week.

Shell and Seaoil on Monday said that gasoline will have the biggest price hike -- P1.60 per liter.

Diesel prices will go up by P0.65 per liter and kerosene by P0.60 per liter.

The price adjustments will take effect on Tuesday, July 9, 2024.

Last week, oil companies increased the prices of gasoline, diesel and kerosene by P0.95 per liter, P0.65 per liter and P0.35 per liter, respectively.