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Fuel firms to increase gasoline pump price by nearly P1/L this week

fuel pump

Philippine fuel firms will increase the price of gasoline and cut the cost of diesel this week.

KEY TAKEAWAYS

  • What are the price adjustments this week?

    This week, oil firms will add P0.90 per liter on gasoline and deduct P0.20 per liter on diesel, and reduce P0.40 per liter for kerosene.

  • When will the adjustments take effect?

    The adjustments will take effect starting December 3, 2024.

    • According to companies such as Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil gasoline prices will jump by P0.90 per liter while diesel prices will go down by P0.20 per liter. Likewise, the cost of kerosene will drop by P0.40 per liter.

    fuel pump Photo from Ruben Manahan IV

    The implementation of the updated oil prices will take effect today.

    Other companies like are expected to follow suit.

    Last week, the price of gasoline spiked by P1.15 per liter while the cost of diesel increased by P1.10 per liter. Meanwhile, kerosene also rose by P0.80 per liter.

    Also read:

    Fuel prices to reflect major bump this week

    Pump prices to go down this week

    Fuel prices to go up anew this week

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