Manila,Philippines-Pilipinas Shell Petroleum Corporation had increased its regular gasoline price to 50 centavos per liter and 25 centavos per liter to that of kerosene on Tuesday July 26, 2011. But 35 centavos per liter was beig cut off in their premium gasoline.
Sea oil had also announced its increased as well as Eastern Petroleum Corporation.
According to the Department of Energy the price of oil has been fluctuating due to a supply shortage that comes from Libya as well as the continuous Euro Zone debt crisis.
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