PH oil firms jack up pump prices after long weekend
MANILA: Oil companies have started implementing price hikes for their products at the pump this week.
KEY TAKEAWAYS
How much are the adjustments on local oil prices this week?
The company raised the price of gasoline products by P0.70 per liter, diesel by P0.50 per liter, and kerosene by P0.30 per liter.When did the movements in the pricing take place?
The price movements were effective as of today (August 26).Based on the respective advisories yesterday, Caltex, Cleanfuel, Petron, and Seaoil announced that they are set to implement the following adjustments:
|
Product |
Adjustment |
|
Gasoline |
P0.60 per liter (increase) |
|
Diesel |
P0.80 per liter (decrease) |
|
Kerosene |
P0.90 per liter (decrease) |
The adjustments started as early as 12:01 a.m. today.
Other stories: |
It can be recalled that last week, the country’s players in the fuel industry have conducted the following movements in their offerings’ prices:
|
Product |
Adjustment |
|
Gasoline |
P0.60 per liter (increase) |
|
Diesel |
P0.80 per liter (decrease) |
|
Kerosene |
P0.90 per liter (decrease) |
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Motorists welcome 2nd week of August with fuel price rollbacks
Gasoline price to move down; diesel, kerosene continue hike
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