Oil firms end Oct. 2023 with gas price hike
MANILA: Oil companies in the Philippines are closing the month of October with a price hike on the retail price of gasoline.
KEY TAKEAWAYS
How much are the fuel price adjustments for October 31, 2023?
Local players jacked up the price of gasoline by P0.45 per liter but reduced the price of diesel by P1.25 per liter and kerosene by P1.20 per liter.When did the adjustments take place?
The adjustments on pump prices on some oil players were implemented as early as 12:01 a.m. today (October 31).Cleanfuel, Petron, Seaoil, and Unioil jacked up the price of gasoline by P0.45 per liter. The said adjustment is the third consecutive time that local fuel players raised the price of gasoline.
However, the same marques also reduced the price of diesel by P1.25 per liter.
In addition, the pump price of kerosene also went down today by P1.20 per liter.
The movements in pricing on some companies were implemented as early as 12:01 a.m. today (October 31). Other players are expected to follow suit.
Last week, companies jacked up the retail price of diesel by P1.30 per liter, gasoline by P0.95 per liter, and kerosene by P1.25 per liter.
Photos from Ruben Manahan IV
Also read:
Gasoline pump prices to go up this week
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