PH oil firms to jack up pump prices by at least P1/L

After jacking up by more than P2 per liter last week, fuel companies in the Philippines are set to add at least P1 per liter to their products at the pump tomorrow (January 31, 2023).

Based on their respective advisories earlier today, Caltex, Cleanfuel, Jetti, Petron, PTT Philippines, Seaoil, and Unioil announced that they will add P1 per liter on diesel, and P1.30 per liter on gasoline.

Many of the aforementioned brands shall also close the first month of the year by implementing a price hike of P1.35 per liter on kerosene.

Other oil firms are expected to follow the same movement.

The adjustment on the retail prices will commence at 12:01 a.m. of January 31.

Last week, oil firms added P2.80 per liter on gasoline, P2.25 per liter on diesel, and P2.40 per liter on kerosene.

Photos from Ruben D. Manahan IV

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