Motorists will have to pay more for petroleum products this week, as retailers on Monday announced another round of pump price hikes.

In separate advisories, Chevron Philippines Inc. (Caltex), Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will hike prices per liter of gasoline by P0.60, diesel by P0.95, and kerosene by P0.30.

Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.

The adjustments will take effect at 6 a.m. on Tuesday, June 10, for all the firms except for Cleanfuel which will hike prices at 4:01 p.m. the same day.

Other firms have yet to make similar announcements for the week.

The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected price hikes this week, citing geopolitical tensions between Russia and Ukraine, supply concerns amid the wildfires in Canada, and the larger-than-anticipated drawdown in US crude oil inventories.

Firms last week hiked prices per liter of gasoline by P0.40 and diesel by P0.30, while lowering those of kerosene by P0.10. —AOL, GMA Integrated News

Source: GMA Network.