OIL companies implemented a steep price increase on Tuesday, Aug. 1, 2023, raising the cost of diesel by P3.50 per liter.Pilipinas Shell, Petron, Chevron Philippines Inc. (Caltex) and Seaoil also increased the pump prices of gasoline by P2.10 per liter and kerosene by P3.25 per liter.It is the third straight week that the prices of gasoline went up, and the fourth for diesel and kerosene.Last week, oil companies jacked up the prices of gasoline by P1.35 per liter, diesel by P0.45 per liter and kerosene by P0.35 per liter.
