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Oil firms to cut down pump prices this week to mark start of Nov.

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Oil firms in the Philippines shall trim down the retail prices of their products at the pump to welcome the month of November.

KEY TAKEAWAYS

  • How much are the fuel price adjustments for November 7, 2023?

    Local players are set to cut down the prices of gasoline by P0.45 per liter, diesel by P1.10 per liter, and kerosene by P1.05 per liter.

  • What time will the adjustments take effect?

    The movements on pump prices are expected to be implemented as early as 12:01 a.m. tomorrow (November 7).

    • According to their corresponding advisories shared today,  Caltex, Cleanfuel, Petron, Seaoil, and Unioil shall reduce the prices of gasoline by P0.45 per liter and diesel by P1.10 per liter.

    In addition, Caltex, Petron and Seaoil will also trim down the retail price of kerosene by P1.05 per liter.

    With other players expected to implement the same adjustments, the prices of some companies are to be implemented as early as 12:01 a.m. tomorrow (November 7).

    Last October 31, local oil players jacked up the pricing of gasoline by P0.45 per liter but lowered the price of diesel and kerosene by P1.25 and P1.20 per liter, respectively.

    Photos Ruben Manahan IV

    Also read:

    Local firms to raise fuel pump prices this week

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

    PH oil players slash P2/L on gasoline

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