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Firms to implement price hikes on diesel, kerosene, cut on gasoline

fuel pump

Local oil players shall conduct mixed adjustments on the prices of their pump products this week.

KEY TAKEAWAYS

  • What are the price adjustments this week?

    This week, oil firms will add P0.70 per liter on diesel and P.50 per liter on kerosene but are set to trim down P0.10 per liter on gasoline products.

  • When will the adjustments take effect?

    The adjustments will take effect starting November 5, 2024.

    • As announced in their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil shall raise the retail price of diesel by P0.70 per liter but trim down P0.10 per liter on gasoline products.

    On the other hand, companies that sell kerosene at the pump shall add P0.50 per liter on the said product.

    fuel pump Photo from Ruben Manahan IV

    The changes on retail prices will take effect tomorrow (November 4).

    Last week, companies implemented price hikes on gasoline (P0.45 per liter), diesel (P0.90 per liter), and kerosene (P0.30 per liter).

    Also read:

    Fuel companies stop 3-week retail price increase

    Fuel prices to reflect major bump this week

    Oil firms jack up diesel, kerosene anew

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