Fuel price increases up to P5.01/liter set on Aug. 18

MANILA, Philippines — Local fuel retailers will raise prices on petroleum products by up to P5.01 per liter starting Tuesday. On Monday, the Department of Energy said gasoline prices would increase by P2.49 per liter, while diesel products would be costlier by P3.84 per liter. READ: Iran fires back at Trump’s threat to declare Hormuz a US territory Kerosene will have the biggest jump in prices at…