PH fuel prices to rise this week
Oil firms in the Philippines shall conduct price hikes on their products at the pump tomorrow, stopping the string of price cuts that began in the last week of April this year.
KEY TAKEAWAYS
How much will be the fuel price adjustments for May 16, 2023?
Prices of gasoline products shall go up P0.35 per liter, diesel by P1.40 per liter, and kerosene by P1.20 per liter.What time will the adjustments take place?
The adjustments could reflect as early as 12:01 a.m. tomorrow.Based on their respective announcements, Caltex, Cleanfuel, Petron, Seaoil and Unioil are set to jack up the retail price of gasoline products by P0.35 per liter, and diesel by P1.40 per liter.
In addition, many of the aforementioned fuel companies are also raising the price of kerosene by P1.20 per liter.
The movement of price at the pump — which other fuel companies are expected to follow suit — shall commence at 12:01 a.m. Tuesday (May 16).
To recall, it was only last week when local oil players trimmed down P2.20 per liter on gasoline, P2.70 per liter on diesel, and P2.55 per liter on kerosene.
Photos from Ruben Manahan IV
Also read:
Oil firms to stop April 2023 pump price hikes
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