Oil firms opens 2023 with more than P2/L increase

Oil companies in the Philippines have implemented a price hike of more than P2-per-liter, marking the first adjustment for 2023.

Based on their respective advisories yesterday (Monday, January 2), Caltex, Cleanfuel, Petron, PTT Philippines, Seaoil, and Unioil are expected to raise the pump price of gasoline products by P2.90 per liter and diesel by P2.10 per liter today.

Meanwhile, a P3.05-per-liter has been added to the retail price of kerosene.

The movement on the aforementioned products' retail prices started at 12:01 a.m. 

Last week, the price of gasoline went up by P0.95 per liter, and kerosene by P0.50 per liter.

Photos from Ruben D. Manahan IV

Also read:

Pre-Christmas oil price hike slated tomorrow

Fuel prices to go down by nearly P2/L tomorrow

Oil firms cuts back P4/L on diesel