Renew Insurance

Motorists welcome 2024 with oil price rollbacks

Fuel station

Good news to motorists in the Philippines: local oil players have reduced the retail prices of their offerings at the pump today to mark their initial adjustment for 2024.

KEY TAKEAWAYS

  • What was the first oil price adjustment for 2024 in the Philippines?

    Local oil players cut down the pump prices of gasoline products by P0.10 per liter, diesel by P0.35 per liter and kerosene by P1.40 per liter.

  • When did the price adjustments took place?

    The movements in the pricing was made as early as 12:01 a.m. of January 2, 2024.

    • Based on their respective advisories, Cleanfuel, Flying V, Jetti, Petron, Seaoil, and Unioil shall implement price cuts on gasoline products by P0.10 per liter and diesel by P0.35 per liter.

    fuel pump

    Aside from that, Flying V, Petron, and Seaoil will also trim down the pricing of kerosene by P1.40 per liter.

    The adjustments on some of the aforementioned companies’ products took place as early as 12:01 a.m. of January 2. Other firms are expected to follow suit.

    Photos from Ruben Manahan IV

    Also read:

    Kerosene to continue price hike this week

    Diesel, kerosene to go up this week

    Fuel prices to slide down this week

    Read All

    Featured Articles

    Recommended Articles For You

    Read All

    You Might Also Be Interested In

    • Advice
    • Financing
    • Insurance

    Featured Cars

    • Upcoming

    Car Articles From Zigwheels

    • News
    • Article Feature
    • Advisory Stories
    • Road Test
    • In 8 pictures: Isuzu PH introduces the updated D-Max
      In 8 pictures: Isuzu PH introduces the updated D-Max
      Cesar Miguel . Today
    • Honda Cars PH highlights electrified models at PIMS 2026
      Honda Cars PH highlights electrified models at PIMS 2026
      Paulo Papa . Today
    • VinFast highlights EV ecosystem at maiden PIMS appearance
      VinFast highlights EV ecosystem at maiden PIMS appearance
      Paulo Papa . Today
    • In 7 pictures: Subaru introduces all-new Crosstrek e-Boxer Hybrid for PH market
      In 7 pictures: Subaru introduces all-new Crosstrek e-Boxer Hybrid for PH market
      Cesar Miguel . Today
    • In 5 photos: Toyota Land Cruiser 300 gets electrified in PH
      In 5 photos: Toyota Land Cruiser 300 gets electrified in PH
      Paulo Papa . Today
    • Let’s explore the Lexus IS’s strengths, weaknesses
      Let’s explore the Lexus IS’s strengths, weaknesses
      Cesar Miguel . Jun 03, 2026
    • Check out the 6 colors of the Geely EX5 EM-i
      Check out the 6 colors of the Geely EX5 EM-i
      Paulo Papa . Jun 02, 2026
    • 3 reasons to buy the BYD Sealion 7 EV
      3 reasons to buy the BYD Sealion 7 EV
      Cesar Miguel . May 29, 2026
    • Here are the Dongfeng Vigo’s strengths, weaknesses
      Here are the Dongfeng Vigo’s strengths, weaknesses
      Cesar Miguel . May 27, 2026
    • 3 reasons to be excited about the Toyota Land Cruiser FJ
      3 reasons to be excited about the Toyota Land Cruiser FJ
      Cesar Miguel . May 26, 2026
    • Tips on how to prevent vehicle fires
      Tips on how to prevent vehicle fires
      Cesar Miguel . Mar 17, 2026
    • How to prepare your car for summer
      How to prepare your car for summer
      Cesar Miguel . Mar 11, 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
    • ELECTRIA: VinFast VF 6 is a well-equipped urban warrior
      ELECTRIA: VinFast VF 6 is a well-equipped urban warrior
      Cesar Miguel . Apr 20, 2026
    • BYD DM-i lineup conquers Southern Luzon
      BYD DM-i lineup conquers Southern Luzon
      Cesar Miguel . Mar 10, 2026
    • 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