Mixed Oil Price Adjustments Expected on Tuesday (October 17), Oil Companies Say
FUEL PRICE UPDATE – Various oil companies are set to impose mixed oil price adjustments on Tuesday, October 17, 2023.
Several gasoline stations have announced mixed price adjustments on petroleum products, including gasoline, diesel, and kerosene. Gasoline prices are set to increase, while diesel and kerosene prices are set to roll back.
Fuel firms such as Seaoil Philippines Corp. and Pilipinas Shell Petroleum Corp. have announced a price cut of P0.95 per liter for both diesel and kerosene, while gasoline prices are set to jump by P0.55 per liter.
Clean fuel is expected to impose similar price adjustments, except for kerosene, which it does not carry.
Usually, oil companies announce price changes every Monday and implement them the following day.
Oil firms implemented a rollback of P3.05 per liter for gasoline, P2.45 per liter for diesel, and P3.00 per liter for kerosene on October 10, 2023 (Tuesday).
The Department of Energy released the latest available data, indicating a year-to-date net increase of P12.25 per liter for gasoline, P11.35 per liter for diesel, and P5.94 per liter for kerosene.
In Metro Manila, the range of fuel prices per liter stands as follows: gasoline prices range from P57.70 to P78.50, diesel ranges between P58.85 to P71.70, while kerosene prices fluctuate between P76.75 to P89.09.
Consumers are advised to remain updated, take advantage of price comparisons, and make informed choices when filling up at the pump. This rollback will be a welcome development for many Filipinos, especially those who depend on diesel to power their vehicles and kerosene for various household uses, including lighting and cooking.
The looming price rollback can have a meaningful impact on the budgets of consumers and businesses that rely on these fuels.
What can you say about upcoming fuel price adjustments?
