Manila, June 23 -- Oil firms on Monday announced staggered price hikes on fuel products this week.

In separate advisories, Seaoil, Shell, and Caltex said they will implement the first round of price increase on June 24 while the second round of increase will take effect on June 26.

They will hike gasoline prices by PHP1.75 per liter, diesel prices by PHP2.60 per liter, and kerosene prices by PHP2.40 per liter for both June 24 and June 26.

CleanFuel, meanwhile said it would also implement a PHP2.60 per liter for diesel and PHP1.75 per liter increase on June 24.

The Department of Energy said earlier that oil firms agreed to implement the fuel price hikes on a staggered basis to cushion the impact of higher prices on Filipino consumers ...