‘Mixed’ fuel price adjustments to be implemented this week
Diesel, kerosene continue hike this week, gasoline to go down
MANILA: Local oil players in the Philippines will implement mixed price adjustments for their offerings at the pump this week.
KEY TAKEAWAYS
What are the oil price adjustments this week?
Oil companies shall raise the price of diesel by P0.60 per liter and kerosene by P0.80 per liter. They will also cut down P0.90 per liter on the price of gasoline.When will the adjustments take effect?
The pricing will be adjusted tomorrow (June 4, 2024).Based on their respective announcements, Caltex, Cleanfuel, Jetti, Seaoil, and Unioil shall continue the hike streak on diesel — jacking up the retail price by P0.60 per liter.
Meanwhile, the same companies are also cutting down the pump price of gasoline products by P0.90 per liter.
Further, Caltex, and Seaoil will also add P0.80 per liter on kerosene products.
The movements in pricing, which other companies are expected to similarly implement, will take effect starting tomorrow (June 4).
Last week, firms raised the price of gasoline and diesel products by P0.40 per liter each as well as on kerosene by P0.30 per liter.
Photos from Ruben Manahan IV
Also read:
Fuel companies to cut gasoline, bump up diesel, kerosene pump prices
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