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Oil firms to jack up gasoline prices by more than more than P1/L this week

fuel pump

Fuel companies will continue the string of price hikes for their products at the pump this week.

KEY TAKEAWAYS

  • How much are the fuel price adjustments for July 25, 2023?

    Companies will raise the price of gasoline by P1.35 per liter, diesel by P0.45 per liter, and kerosene by P0.35 per liter.

  • 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 respective advisories, Caltex, Cleanfuel, Seaoil, Petron and Unioil will raise the retail price of gasoline by P1.35 per liter, while the pump price for diesel shall reflect a P0.45-per-liter increase.

    Additionally, Caltex, Petron, and Seaoil are also set to jack up the price of kerosene by P0.35 per liter.

    fuel pump

    The adjustments — which other brands are expected to follow suit — shall commence as early as 12:01 a.m.

    The forthcoming adjustment is the third straight price hike for the second half of the year.

    Last week, local oil players increased the price of diesel by P2.10 per liter, gasoline by P1.90 per liter and P1.80 per liter on kerosene.

    Photos from Ruben Manahan IV

    Also read:

    PH oil players to raise diesel, kerosene pump prices

    Oil firms to implement pump price rollback to start H2 2023

    Local oil firms to jack up pump prices this week

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