PH oil firms to halt 3-week price-hike streak
Reductions as high as P0.85/L starting tomorrow
MANILA: Fuel companies in the Philippines are ending the string of recent price hikes that occurred in the past three weeks.
KEY TAKEAWAYS
What are the price adjustments this week?
This week, oil firms will cut down the price of gasoline products by P0.50 per liter, diesel by P0.70 per liter, and kerosene by P0.85 per liter.When will the adjustments take effect?
The adjustments will take effect on October 22, 2024.Based on their respective advisories, Caltex, Cleanfuel, Jetti, Seaoil, and Unioil shall trim down the pricing of gasoline products by P0.50 per liter, and diesel by P0.70 per liter.
In addition, some of the aforementioned companies shall also reduce the price of kerosene by P0.85 per liter.
Photo from Ruben Manahan IVThe price adjustment is set to take place tomorrow (October 22) — with other companies expected to follow suit.
Last week, local players raised the price of gasoline by P2.65 per liter, diesel by P2.70 per liter and kerosene P2.60 per liter.
Also read:
Diesel, kerosene pump price hikes continue
Motorists welcome Q4 2024 with fuel price hikes
Oil companies to stop Sep. 2024 price-cut streak this week
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