PH oil players raises pump prices by more than P2/liter

Fuel companies in the Philippines jacked up the prices of their products at the pump by more than P2 per liter today.

Based on the respective advisories, Caltex, Cleanfuel, Jetti, Petron, PTT Philippines, Seaoil, and Unioil announced that they will add P2.80 per liter on gasoline and P2.25 per liter on diesel.

In addition, many of the aforementioned oil firms also raised the pump price of kerosene by P2.40 per liter.

Other oil firms are expected to follow the same movement.

The adjustment on the retail prices began at 12:01 a.m. today (January 24, 2023).

Last week, local players implemented a price hike of P0.90 per liter on gasoline and P0.50 per liter on diesel. They also trimmed down the price of kerosene by P0.15 per liter.

Photos from Ruben D. Manahan IV

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