Diesel pump price hike this week to breach P2/L mark
Fuel companies in the Philippines shall implement a significant increase on their pump prices this week.
KEY TAKEAWAYS
How much are the fuel price adjustments for July 18, 2023?
Companies shall raise the price of kerosene by P1.80 per liter, gasoline products by 1.90 per liter, and diesel by P2.10 per liter.What time will the adjustments take place?
The adjustments on pump prices will be implemented as early as 12:01 a.m. tomorrow.Based on their respective advisories, Caltex, Cleanfuel, Seaoil, Petron and Unioil are set to implement a P2.10-per-liter price hike on diesel and P1.90 per liter markup on gasoline products.
In addition, Caltex, Petron, and Seaoil will also jack up the retail price of kerosene by P1.80 per liter.
The changes in the pricing — which other brands are expected to follow suit — shall start as early as 12:01 a.m.
Last week, local players raised the price of diesel by P0.75 per liter and kerosene by P0.50 per liter. However, they also slashed P0.20 per liter on gasoline.
Photos from Ruben Manahan IV
Also read:
Oil firms to implement pump price rollback to start H2 2023
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