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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

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