Oil firms to continue retail price hikes this week
Increases not less than P1.20/L
MANILA: Fuel companies in the Philippines will further raise the prices of their products at the pump this week.
KEY TAKEAWAYS
What are the price adjustments this week?
This week, oil firms will add P1.50 per liter on gasoline, P2.10 per liter on diesel, and P1.20 per liter for kerosene.When will the adjustments take effect?
The adjustments will take effect starting November 12, 2024.Based on their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil are set to implement increases of P1.50 per liter on gasoline products and P2.10 per liter for diesel.
In addition, firms that offer kerosene shall jack up the product’s pricing by P1.20 per liter.
Photo from Ruben Manahan IVThe adjustments shall take effect tomorrow (November 12).
Last week, the price of diesel already went up by P0.70 per liter and kerosene by P0.50 per liter. On the other hand, the retail price of gasoline slid by P0.10 per liter.
Also read:
Oil firms to jack up retail price prior to upcoming observance of All Saints’, All Souls’ Day
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