PH oil firms to impose 'big-time' price hikes this week
Price hikes no less than P1.30/L
Oil firms in the Philippines shall implement big-time hikes on the pricing of their products at the pump this week.
KEY TAKEAWAYS
How much are the fuel adjustments for March 26, 2024?
Oil companies shall raise the prices of gasoline by P2.20 per liter, diesel by P1.40 per liter, and kerosene by P1.30 per liter.When will the price adjustments take effect?
The said adjustments shall become effective as early as 12:01 a.m. of March 26, 2024.Based on their respective advisories, Caltex, Cleanfuel, Phoenix, Seaoil, and Unioil are set to raise the retail price of gasoline products by P2.20 per liter and diesel by P1.40 per liter.
Additionally, Caltex, Petron, and Seaoil will also jack up the price of kerosene by P1.30 per liter.
The adjustments, which other companies are expected to follow suit, shall be conducted as early as 12:01 a.m. tomorrow (March 26, 2024) by some firms.
Last week, prices of gasoline went up by P0.10 per liter but trimmed down the same amount for diesel.
Photos from Ruben Manahan IV
Also read:
Oil players to implement pump price hike on gasoline this week
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