Oil firms to raise diesel, gasoline prices on May 5

MANILA, Philippines—Diesel and gasoline prices will go up on Tuesday, May 5, while kerosene prices will decrease, oil companies said on Monday. Shell and Seaoil said that they will raise diesel prices by P2.66 per liter, and gasoline prices by P2.21 per liter. Kerosene prices will go down by P3.53 per liter. Meanwhile, Jetti Petroleum said that it will hike diesel prices by P2.60 per liter and gasoline prices by P2.20 per liter. Last week, diesel prices went down by P12.94 per liter, gasoline by P0.53 per liter, and kerosene by P15.71 per liter.