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Oil firms round up Oct. 2023 with gasoline pump price increase

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Fuel companies in the Philippines are ending the month of October with an increase on the gasoline products' pump pricing.

KEY TAKEAWAYS

  • How much are the fuel price adjustments for October 31, 2023?

    Local players jacked up the price of gasoline by P0.45 per liter but reduced the price of diesel by P1.25 per liter and kerosene by P1.20 per liter.

  • When did the adjustments take place?

    The adjustments on pump prices on some oil players were implemented as early as 12:01 a.m. today (October 31).

    • Based on their advisories (which took effect today), Cleanfuel, Petron, Seaoil, and Unioil raised the price of gasoline by P0.45 per liter. The latest movement is the third consecutive time within the month of October that companies jacked up their prices on the said product.

    However, the same brands also trimmed down the price of diesel by P1.25 per liter.

    In addition, kerosene’s pump pricing also went down by P1.20 per liter.

    The adjustments on some companies were implemented as early as 12:01 a.m. today (October 31). Other players are expected to follow suit.

    Last week, retail prices of diesel by P1.30 per liter, gasoline by P0.95 per liter, and kerosene by P1.25 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Fuel pump prices to slide by more than P2/L this week

    PH oil players slash P2/L on gasoline

    Oil prices to slide this week

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