MANILA, Philippines — Oil companies will raise gasoline prices by P1.65 per liter and diesel by P2.70 per liter this week.

The price adjustment, to take effect on Tuesday, January 21, was announced by Shell, Cleanfuel, Petrogazz, Caltex and Seaoil on Monday.

The cost of kerosene will go up by P2.50 per liter.

This will be the third fuel price hike in January.

Last week, oil companies raised the prices of gasoline and kerosene by P0.80 per liter and diesel by P0.90 per liter.