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Oil price hike to be implemented on Tuesday
Oil price hike to be implemented on Tuesday
Nation
Oil price hike to be implemented on Tuesday
by Ellicia Del Mundo08 January 2024
DZRH file photo

Oil firms will implement an slight increase in the prices of their petroleum products, effective Tuesday, January 9.

In an advisory posted on its official Facebook pages, SEAOIL said its gasoline, diesel, and kerosene products would all hike by ₱0.10 per liter.

Cleanfuel also released an advisory stating there would be a ₱0.10 per liter increase in their diesel and gasoline products.

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The price adjustment is set to take effect at exactly 4:01 PM.

The prices of PetroGazz-branded diesel and gasoline will likewise rise by ₱0.10 per liter as per the firm's advisory.

Photo courtesy: Petro Gazz

According to the energy department's oil price monitoring, the net adjustment of gasoline, diesel, and kerosene products stand at the net decrease of "₱0.10/liter, ₱0.35/liter, and ₱1.40/liter, respectively."

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In the first week of January, oil companies enforced a ₱0.10 per liter decrease in gasoline, ₱0.35 per liter in diesel, and ₱1.40 per liter in kerosene.

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