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Oil firms to end fuel price slide streak tomorrow

Price hikes not less than P1/L

Oil firms to end fuel price slide streak tomorrow

MANILA: Fuel companies in the Philippines are set to implement a price hike this week — ending the series of rollbacks that were conducted since the start of the month.

KEY TAKEAWAYS

  • What are the oil price adjustments this week?

    This week, companies shall add P1 per liter on gasoline and kerosene while diesel will have a P1.20-per-liter increase.

  • When will the adjustments take effect?

    The price movements will become effective tomorrow (August 20, 2024).

    • Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall jack up the retail price of gasoline products by P1 per liter and diesel by P1.20 per liter.

    In addition, Caltex, Petron, and Seaoil will also add P1 per liter on the retail price of kerosene.

    Fuel-pump Photo from Ruben Manahan IV

    The first price hike for the month August — which other firms are expected to apply — shall take effect tomorrow (August 20).

    Last week, local players slashed gasoline prices by P2.45 per liter, diesel by P1.90 per liter, and kerosene by P2.40 per liter.

    Also read:

    Firms to cut oil prices this week

    Oil firms to trim down fuel prices to welcome Aug. 2024

    Oil price hikes to continue for 2nd of Jul. 2024

    Ruben Manahan IV

    Ruben Manahan IV

    ruben.manahan[at]carmudi[dot]com[dot]ph

    Started his journalism stint as a cub reporter for a local daily. A certified news junkie, Fort had the chance to cover various beats—ranging from politics to lifestyle. However, his heart now belongs to motoring.

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