Oil prices to go up Tuesday

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Metro Manila (CNN Philippines, September 16) — Pump prices are set to increase by as high as ₱1.35 on Tuesday, reflecting movements in the global market.

The following companies have announced price adjustments effective Tuesday, September 16, at 6 am:

Shell

Gas: +₱1.35/L

Diesel: +₱0.85/L

Kerosene: +₱1.00/L

Phoenix Petroleum

Gas: +₱1.35/L

Diesel: +₱0.85/L

PTT

Gas: +₱1.35/L

Diesel: +₱0.85/L

Seaoil

Gas: +₱1.35/L

Diesel: +₱0.85/L

Kerosene: +₱1.00/L

Petro Gazz

Gas: +₱1.35/L

Diesel: +₱0.85/L

Cleanfuel (starting Wednesday, 12am)

Gas: +₱1.35/L

Diesel: +₱0.85/L

Energy Department Oil Industry Management Bureau Assistant Director Rodela Romero said the oil price increase this week is due to improving signals on the possible resolution of the US-China trade war and lower stocks of the United States.

This is a developing story. Refresh for updates.