Gasoline, diesel up by P1.80/liter; kerosene up by P1.50
Local fuel retailers are set to impose a substantial hike in the cost of all their fuel products effective from tomorrow, Tuesday, with both gasoline and diesel prices rising by P1.80 per liter and kerosene by P1.50.
The local retailers announced their fuel price increases after oil prices closed higher in US trade at the weekend, attributed mainly to the worsening conflict between Israel and Iran, which could disrupt oil exports from the Middle East.
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