Oil companies raise prices of diesel, gasoline

MANILA, Philippines —Pump prices of diesel rose on Tuesday for the ninth week in a row, this time by 40 centavos per liter, bringing the total to P3.90 per liter as crude oil prices climbed above $70 per barrel.

Prices of gasoline increased for the fourth week straight, now by 50 centavos per liter. Caltex raised prices at 12:01 a.m. followed by Shell, Seaoil, PTT and Total at 6 a.m. and Cleanfuel at 4:01 p.m.

Shell, Caltex and Seaoil also raised prices of kerosene by 30 centavos per liter. Dubai crude, the Asian bellwether, was at $70.52 per barrel as of June 10, up from $69.47 a week ear.

—Ronnel W. Domingo