MANILA, Philippines—Oil companies are poised to raise pump prices on Tuesday, Nov. 25, 2024 due to the escalation of geopolitical tensions.

Shell, Cleanfuel, and Petrogazz said Monday that gasoline prices will go up by P1.15 per liter and diesel by P1.10 per liter.

The cost of kerosene will increase by P0.80 per liter.

Last week, oil companies lowered gasoline prices by P0.85 per liter, diesel by P0.75 per liter, and kerosene by P0.90 per liter.