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Oil firms to end 2-week price cut streak

Fuel station

Oil players in the Philippines shall jack up the price of products at the pump this week following the two consecutive cuts within the month of September.

KEY TAKEAWAYS

  • What are the oil price adjustments this week?

    This week, gasoline products at the pump will go up by P1.10 per liter, and diesel by P0.20 per liter.

  • When will the adjustments take effect?

    The movements in pricing will become effective starting tomorrow September 24, 2024.

    • As stated in their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil shall raise the price of gasoline products by P1.10 per liter and diesel by P0.20 per liter.

    Meanwhile, no price movement will be made for kerosene.

    fuel pump Photo from Ruben Manahan IV

    The aforementioned adjustment in the retail prices — which other companies are expected to similarly implement — will take effect starting tomorrow (September 24).

    Last week, gasoline slid down by P1 per liter, diesel by P1.30 per liter, and kerosene by P1.65 per liter. The week before that, fuel companies also trimmed down gasoline prices by P1.55 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.

    Also read:

    Oil firms to cut down prices by at least P1.30/L this week

    Oil firms to jack price pump price to open 'Ber' months

    Oil companies to implement big-time price cut this week

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