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Oil firms to raise pump prices anew

fuel pump

Fuel companies in the Philippines will continue the string of price hikes at the pump for the last week of August 2023.

KEY TAKEAWAYS

  • How much are the fuel price adjustments for August 29, 2023?

    Local oil players are set to raise the price of diesel by P0.70 per liter, P0.30 per liter on gasoline, and kerosene by P0.80 per liter.

  • When will the adjustments take effect?

    Some local players will implement adjustments on pump prices as early as 12:01 a.m. tomorrow (August 29).

    • Based on their corresponding advisories today (August 28), Caltex, Cleanfuel, Seaoil, Petron, and Unioil are set to add P0.70 per liter on the retail price of diesel and P0.30 per liter on gasoline.

    In addition, Caltex, Petron, and Seaoil shall also jack up the price of kerosene by P0.80 per liter.

    Other oil companies are expected to follow suit.

    fuel pump

    The upcoming adjustment — the fifth consecutive increase for the month of August alone — for some of the aforementioned fuel companies will take place at 12:01 a.m. tomorrow.

    Last week, the pump prices of gasoline products went up by P1.10 per liter, diesel by P0.20 per liter, and kerosene by P0.70 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Oil firms to raise gas prices by nearly P2/L this week

    Oil players to spike up diesel pump price by P4/L this week

    Diesel pump price hike this week to breach P2/L mark

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