Oil firms are set to implement a major hike in pump prices of petroleum products this week, marking the second straight week of increases.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P2.15, diesel by P4.30, and kerosene by P4.85.

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