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Gas prices to spike further this week

fuel pump

The price of gasoline products at the pump is set to increase again this week — the third consecutive hike for the month of May.

KEY TAKEAWAYS

  • How much will be the fuel price adjustments for May 30, 2023?

    Prices of gasoline products shall go up P1.10 per liter while kerosene will drop by P0.35 per liter.

  • What time will the adjustments take place?

    The adjustments could reflect as early as 12:01 a.m. tomorrow.

    • Based on the advisories issued by Caltex, Cleanfuel, Seaoil and Unioil, the retail price of gasoline shall go up by P1.10 per liter. There will be no movement in the price of diesel.

    fuel pump

    However, many of the aforementioned fuel companies are also set to cut down the price of kerosene by P0.35 per liter.

    The adjustment on pump prices — which other fuel companies are expected to follow suit — shall begin at 12:01 a.m. Tuesday (May 30).

    Last week, firms raised the pump prices of gasoline by P0.80 per liter, diesel by P0.60 per liter, and kerosene by P0.10 per liter.

    Photos from Ruben Manahan IV

    Also read:

    PH fuel prices to rise this week

    Oil players to conduct big-time price rollback tomorrow

    PH oil firms open May 2023 with more than P1/L pump price drop 

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