After a series of rollbacks in the past weeks, oil firms are set to implement an oil price hike this Tuesday, Oct. 24.
In a fuel price advisory posted on Monday, Oct. 23, Cleanfuel announced that its gasoline and diesel prices will increase by ₱0.95 per liter and ₱1.30 per liter, respectively.
The price adjustment will take effect at exactly 4:01 PM.
"Make sure to fill up your tanks at your nearest #Cleanfuel station to experience #QualityFuelForLess," Cleanfuel advised its customers.
In separate advisories, Sea Oil, Caltex Philippines, and Shell Pilipinas said they would increase the prices per liter of gasoline to ₱0.95, diesel to ₱1.30, and kerosene to ₱1.25.
Alongside, Petro Gazz issued a price adjustment informing its customers that they will enforce ₱0.95 per liter increase in gasoline and ₱1.30 per liter in diesel.
Photo courtesy: Petro Gazz
Meanwhile, PTT Philippines Corp. announced that its blue gasoline 97+, 95+, and 93+ will increase by ₱0.95 per liter while its blue diesel by ₱1.30 per liter.
The new oil prices will take effect at 6 AM.
Last Oct. 10, oil firms implemented a big-time rollback, with gasoline declining by ₱3.05 per liter, diesel by ₱2.45 per liter, and kerosene by ₱3.00 per liter.
According to the energy department's oil monitoring, the aforementioned "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."
