(UPDATE) FUEL prices skyrocketed Tuesday, March 26, due to speculations resulting from a number of factors, including Ukraine's assault on three refineries in Russia.

Shell, Seaoil, Cleanfuel, Caltex, PTT Philippines, PetroGazz, Jetti Petroleum, Unioil and Flying V jacked up the prices of their gasoline products by P2.20 per liter and diesel by P1.40 per liter.

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