Renew Insurance

Oil price uptrend continues in Feb.

fuel pump

Oil companies continue to jack up the price of their products at the pump to welcome the Chinese New Year.

KEY TAKEAWAYS

  • How much is the pump price hike for tomorrow?

    The retail price of gasoline and diesel will have an additional P0.75 per liter each, while kerosene will have P0.45 per liter.

  • How many prices hikes have been implemented since the start of 2022?

    Including the adjustment tomorrow, oil companies have five straight price hikes.

    • In their respective announcements, Petron, Caltex, Cleanfuel, Seaoil, Total Philippines, Unioil and PTT Philippines said that they will raise the price of gasoline and diesel by P0.75 per liter each.

    Many of the abovementioned firms will also increase the retail price of kerosene by P0.45 per liter.

    fuel pump

    Other companies are expected to follow suit.

    Including the adjustment for tomorrow, the total amount of price hike on products at the pump up will be as follows:

    • Gasoline: P5.70 per liter
    • Diesel: P7.95 per liter
    • Kerosene: P7.2 per liter

    Photos from Ruben D. Manahan IV 

    Also read:

    Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH

    Top 24 Fuel Efficient Cars In The Philippines

    5 Tips on How To Get Better Fuel Economy while Driving on Highway

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