‘Big time’ fuel pump price hike greets motorists at start of 2023 - BusinessMirror

Hefty oil price increases greeted motorists today after oil firms announced Monday that they will implement this year’s first oil price adjustment.

In separate advisories, the oil companies said they would increase gasoline prices by P2.90 per liter, diesel by P2.10 per liter and kerosene by P3.05 per liter.

Seaoil, Petron, Shell, PTT Philippines, Phoenix Petroleum, Total, Caltex, Unioil said they will adjust their prices at 6 a.m. of Tuesday, January 3. Cleanfuel, meanwhile, will increase prices at 4:01 p.m. The last price adjustment for 2022 was a rollback of P0.20 per liter for diesel and a price hike of P0.95 and P0.50 per liter for gasoline and kerosene, respectively.

These resulted to the year-to-date total adjustments to stand at a net increase of P14.90/liter for gasoline, P27.30/liter for diesel, and P21.30/liter for kerosene.

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