After a series of rollbacks in the past weeks, oil firms are set to implement an oil price hike this Tuesday, Oct. 24.&nbsp;
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.&nbsp;
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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.
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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.&nbsp;
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Photo courtesy: Petro Gazz&nbsp;
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.
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Last Oct. 10, oil firms <a href="https://www.dzrh.com.ph/post/big-time-oil-price-rollback-effective-tuesday" target="_blank" rel="noopener">implemented a big-time rollback</a>, 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<a href="https://www.doe.gov.ph/oil-monitor?q=oil-monitor" target="_blank" rel="noopener"> oil monitoring</a>, 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."&nbsp;

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Oil prices to go up on Tuesday, Oct. 24