Heads up, motorists! There will be a new adjustment in oil prices starting Tuesday, Oct. 17.
In an advisory posted on its Facebook page, Clean Fuel PH announced that its gasoline products will hike by ₱0.55 per liter while its diesel will go down by ₱0.95 per liter.
"Cleanfuel will implement price adjustment, effective Tuesday, October 17, 2023, at 12:01AM," it said.
SeaOil, in a separate advisory, said its diesel and kerosene products will both decline by ₱0.95 per liter.
However, SeaOil's gasoline products will have an ₱0.55 per liter increase.
Petro Gazz also released a price adjustment table informing customers that its diesel products will go down by ₱0.95 per liter while its gasoline products will rise by ₱0.55 per liter.
Last Oct. 10, oil firms implemented a big-time rollback for gasoline, diesel, and kerosene of ₱3.05 per liter, ₱2.45 per liter, and ₱3.00 per liter, respectively.
The latest monitoring of the Department of Energy (DOE) showed that "the price adjustments resulted in a year-to-date net increase of ₱12.25/liter for gasoline, ₱11.35/liter diesel and ₱5.94/liter for kerosene."
