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Chevron Philippines Inc. (Caltex) has announced a hefty increase on gasoline prices on Tuesday, August 29 at 12:01 p.m.

Gasoline prices will be increased by 50 cents per liter, 75 cents per liter for diesel and 50 cents per liter for kerosene.

Other oil companies have yet to announce their respective price increases.

(Reports from: Bombo Dennis Jamito)