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Oil firms to jack price pump price to open 'Ber' months

fuel pump

Fuel companies in the Philippines shall conduct price increases on their products at the pump this week after conducting several price rollbacks last month.

KEY TAKEAWAYS

  • What are the oil price adjustments this week?

    This week, gasoline products shall increase by P0.50 per liter, P0.30 per liter on diesel, and P0.70 per liter on kerosene.

  • When will the adjustments take effect?

    The movements in pricing will become effective starting tomorrow (September 3, 2024).

    • Based on their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil shall jack up the price of gasoline products by P0.50 per liter and diesel by P0.30 per liter.

    In addition, Caltex, Petron, and Seaoil shall raise the pricing of kerosene by P0.70 per liter — serving as the biggest mark-up for this week.

    fuel pump Photo from Ruben Manahan IV

    The movements in the retail prices — which other companies are expected to similarly implement — will take effect tomorrow (September 3).

    Last week, prices of gasoline products slid down by P1.15 per liter, diesel by P1.90 per liter, and kerosene by P1.85 per liter.

    Also read:

    PH oil players to slash fuel prices anew for Aug. 2024

    Oil firms to close Jul. 2024 with pump price cuts

    PH oil prices to spike tomorrow

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