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Oil firms to implement pump price rollback to start H2 2023

fuel pump

Oil players in the country will trim down the prices of their products at the pump to start the second half of the year.

KEY TAKEAWAYS

  • How much are the fuel price adjustments for July 4, 2023?

    Pump prices of both diesel and gasoline products will slide down by P0.70 per liter while kerosene will have P0.85-per-liter reduction.

  • What time will the adjustments take place?

    The adjustments on pump prices will be implemented as early as 12:01 a.m. tomorrow.

    • Based on their advisories today (July 3), Caltex, Cleanfuel, Seaoil, Petron and Unioil are set to reduce both the price of gasoline products and diesel by P0.70 per liter.

    In addition, Caltex and Seaoil will also slash P0.85 per liter on the retail price of kerosene.

    fuel pump

    The adjustments — which firms are expected to follow suit — shall begin as early as 12:01 a.m. Tuesday (July 4).

    It can be recalled that local fuel companies closed the first half of 2023 with a pump price hike of P0.20 per liter on gasoline, P1.05 per liter on diesel, and P1.20 per liter on kerosene.

    Photos from Ruben Manahan IV

    Also read:

    Oil firms to slash pump prices this week

    Oil prices to slide down this week

    Fuel pump prices go up by more than P1/L

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