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Oil firms to cut down at least P2/L on diesel, kerosene on Valentine's Day

fuel pump

While the price of flowers expected to reach its peak tomorrow (Valentine's Day), oil players in the Philippines have a highly-welcomed gift to motorists: a price rollback for this week.

KEY TAKEAWAYS

  • What companies announced the price adjustment for February 14, 2023?

    Fuel companies namely Caltex, Cleanfuel, Petron, Seaoil, and Total announced that they will implement the price adjustments for tomorrow.

  • How much are the fuel price adjustments for February 14, 2023?

    Companies will trim down the price of diesel by P2.20 per liter, and kerosene by P2.50 per liter tomorrow.

    • Based on their respective announcements, Caltex, Cleanfuel, Petron, Seaoil, and Total will reduce the price of diesel by P2.20 per liter this week. They will not implement any adjustment on the pump price on gasoline products.

    Meanwhile, many of the aforementioned companies are set to cut down the retail price of kerosene by P2.50 per liter.

    fuel pump

    Other oil firms are expected to follow the same movement.

    The change in the prices for the week will start at 12:01 a.m. on Tuesday (February 14).

    Last week, firms reduced the price of gasoline products by P2.10 per liter, diesel by P3 per liter and kerosene by P2.30 per liter.

    Photos from Ruben D. Manahan IV

    Also read:

    PH oil players raises pump prices by more than P2/liter

    Oil firms add less than P1/L to gasoline, diesel pump price today

    Gasoline, kerosene continue price increase today

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