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Gasoline, diesel to climb further this week

fuel pump

Oil players in the Philippines shall continue to increase the prices of products at the pump this week.

KEY TAKEAWAYS

  • How much will be the fuel price adjustments for May 23, 2023?

    Retail prices of gasoline products shall go up by P0.80 per liter and diesel, P0.60 per liter. Meanwhile, kerosene will have a cutdown of P0.10 per liter.

  • What time will the adjustments take place?

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

    • Based on their respective announcements, Caltex, Cleanfuel, Petron, Seaoil and Unioil are set to raise the retail price of gasoline products by P0.80 per liter, and diesel by P0.60 per liter.

    Meanwhile, many of the aforementioned brands are set to implement a cutdown of P0.10 per liter on kerosene.

    fuel pump

    The adjustment on pump prices — which other fuel companies are expected to follow suit — shall begin at 12:01 a.m. Tuesday (May 23).

    Last week, the prices of gasoline went up by P0.35 per liter, diesel by P1.40 per liter, and kerosene by P1.20 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Oil players to conduct big-time price rollback tomorrow

    Oil firms to stop April 2023 pump price hikes

    PH oil firms to raise gas prices this week

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