Oil price hikes to continue for 2nd of Jul. 2024
Gas prices to increase by P1.60/L
MANILA: Fuel companies in the Philippines are set to jack up their pump prices anew — the second consecutive time since the country entered the second half of the year.
KEY TAKEAWAYS
What are the oil price adjustments this week?
Oil companies shall jack up the prices of gasoline by P1.60 per liter, diesel by P0.65 per liter, and kerosene by P0.60 per liter.When will the adjustments take place?
The movements in the pump prices will be conducted tomorrow (July 9).Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall add P1.60 per liter on the retail price of gasoline products and P0.65 per liter on diesel.
In addition, Caltex, Petron, and Seaoil will also raise the price of kerosene at the pump by P0.60 per liter.
Photo from Ruben Manahan IVThe adjustments in the prices at the pump, which other companies are expected to similarly implement, are set to take effect starting tomorrow (July 9).
Last week, companies welcomed July 2024 by jacking up the price of gasoline by P0.95 per liter, diesel by P0.65 per liter, and kerosene by P0.35 per liter.
Also read:
Oil firms to slash pump prices this week
‘Mixed’ fuel price adjustments to be implemented this week
Fuel companies to cut gasoline, bump up diesel, kerosene pump prices
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