Renew Insurance

More than P1/L oil price hike to be implemented this week

fuel pump

Oil players in the Philippines will raise the prices of their products at the pump by more than P1 per liter this week.

KEY TAKEAWAYS

  • How much is the pump price adjustment for February 20, 2024?

    Local players will raise the prices of gasoline pump prices by P1.60 per liter, diesel by P1.10 per liter, and kerosene by P1.05 per liter.

  • What time will the prices be adjusted?

    The adjustments will be implemented as early as 12:01 a.m. of February 20, 2024 by some brands.

    • Caltex, Cleanfuel, Petron, Seaoil, and Unioil stated in their respective advisories that they are set to increase the retail price of gasoline by P1.60 per liter and diesel by P1.10 per liter.

    Additionally, Caltex, Petron, and Seaoil shall jack up the price of kerosene by P1.05 per liter.

    fuel pump

    The adjustments, which other companies are expected to follow suit, will take place as early as 12:01 a.m. tomorrow (February 20).

    Last week, local oil players slashed P0.60 per liter on gasoline, diesel by P0.10 per liter, and kerosene by P0.40 per liter.

    Photos by Ruben Manahan IV

    Also read:

    Gas retail price hike to breach P1/L this week

    Fuel prices to go up for 2nd straight week tomorrow

    Motorists welcome 2024 with oil price rollbacks

    Read All

    Featured Articles

    Recommended Articles For You

    Read All

    Featured Cars

    • Upcoming

    Car Articles From Zigwheels

    • News
    • Article Feature
    • Advisory Stories
    • Road Test
    • Follow existing fuel pricing rules, DOE orders firms 
      Follow existing fuel pricing rules, DOE orders firms 
      Ruben Manahan IV . Today
    • PH-spec Geely EX5 EM-i to come in 2 trims; pricing starts at P1.288M
      PH-spec Geely EX5 EM-i to come in 2 trims; pricing starts at P1.288M
      Ruben Manahan IV . Mar 06, 2026
    • Ford PH to cut down Bronco pricing by P1.37-M for a limited time
      Ford PH to cut down Bronco pricing by P1.37-M for a limited time
      Ruben Manahan IV . Mar 06, 2026
    • Should Honda consider bringing the Passport to PH?
      Should Honda consider bringing the Passport to PH?
      Ruben Manahan IV . Mar 06, 2026
    • BYD provides mild updates to UK-spec Seal
      BYD provides mild updates to UK-spec Seal
      Cesar Miguel . Mar 06, 2026
    • Denza D9: yays and nays 
      Denza D9: yays and nays 
      Paulo Papa . Mar 06, 2026
    • All-electric MPV battle: BYD eMAX 7 vs. VinFast Limo Green
      All-electric MPV battle: BYD eMAX 7 vs. VinFast Limo Green
      Cesar Miguel . Mar 05, 2026
    • Why buy the Honda Prelude?
      Why buy the Honda Prelude?
      Paulo Papa . Mar 04, 2026
    • What does WWCOTY do?
      What does WWCOTY do?
      Paulo Papa . Mar 02, 2026
    • Girl Power: women execs in global car industry
      Girl Power: women execs in global car industry
      Cesar Miguel . Mar 02, 2026
    • Avoid road trip horror stories this 'Undas' with these tips
      Avoid road trip horror stories this 'Undas' with these tips
      Ruben Manahan IV . Oct 20, 2025
    • Here are ways to avoid road rage
      Here are ways to avoid road rage
      Paulo Papa . Sep 23, 2025
    • How well do you understand traffic signs?
      How well do you understand traffic signs?
      Cesar Miguel . Sep 09, 2025
    • How car collectors can take advantage of Liqui Moly products
      How car collectors can take advantage of Liqui Moly products
      Ruben Manahan IV . Sep 08, 2025
    • Do you still need to wash your car after it rains?
      Do you still need to wash your car after it rains?
      Cesar Miguel . Jun 12, 2025
    • Hyundai Creta Premium: balancing engaging drive,comfort
      Hyundai Creta Premium: balancing engaging drive,comfort
      Cesar Miguel . Feb 13, 2026
    • First drive: 4th-gen Changan CS55 Plus
      First drive: 4th-gen Changan CS55 Plus
      Paulo Papa . Feb 09, 2026
    • Changan CS15: small upgrades makes the difference
      Changan CS15: small upgrades makes the difference
      Cesar Miguel . Feb 06, 2026
    • First drive: Changan Eado Plus
      First drive: Changan Eado Plus
      Paulo Papa . Feb 03, 2026
    • Ford Ranger Raptor V6: off-road conqueror is a decent daily driver
      Ford Ranger Raptor V6: off-road conqueror is a decent daily driver
      Cesar Miguel . Jan 07, 2026