Oil firms to stop April 2023 pump price hikes
Fuel companies in the Philippines are set to put an end on the string of price hikes at the pump for the month of April this week.
KEY TAKEAWAYS
What companies announced the price adjustments for April 25, 2023?
Caltex, Cleanfuel, Petron, Seaoil, and Unioil announced their respective price adjustments for April 25, 2023.How much will be the fuel price adjustments for April 25, 2023?
Companies will reduce the prices of gasoline products by P1.40 per liter, diesel by P0.70 per liter, and P0.20 per liter on kerosene.Based on their respective advisories, Caltex, Cleanfuel, Petron, Seaoil, and Unioil announced that they shall implement price cuts of P1.40 per liter on gasoline and P0.70 per liter on diesel.
Many of the aforementioned brands will also trim down the retail price of kerosene by P0.20 per liter.
Other firms are expected to implement the same price movement. The adjustments shall take effect beginning 12:01 a.m. tomorrow (April 25).
The most recent price hike happened last week when local oil players jacked up the price of gasoline by P0.30 per liter, and kerosene by P0.10 per liter. However, the pump price of diesel went down by P0.40 per liter.
Photos from Ruben Manahan IV
Also read:
PH oil firms adds P2.60/L on gasoline
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