^

Business

Another oil price hike set on January 16

Ian Laqui - Philstar.com
January 15, 2024 | 2:10pm
Another oil price hike set on January 16
An attendant fills up the tank of a tricycle at a gas station in Kalayaan, Quezon City last Sept. 17, 2019.
The STAR / Michael Varcas

MANILA, Philippines — Oil firms will implement an increase in oil prices on Tuesday.

In separate advisories, Caltex, CleanFuel, SeaOil and Shell, said that they will implement the following increase on fuel products:

  • Kerosene and diesel prices - Up by P0.90 per liter
  • Gasoline prices - Up by P0.30 per liter

SeaOil and Shell price adjustments will take effect at 6 a.m. on Tuesday, while adjustments for CleanFuel will be implemented at 4:01 p.m. on the same day. 

Caltex, meanwhile, will implement its adjustments at 12 a.m. on the same day.

Some oil firms have yet to announce their price adjustments.

Last week, oil companies also implemented an oil price hike of P0.10 per liter in gasoline, kerosene and diesel. 

vuukle comment

DIESEL

GASOLINE

KEROSENE

OIL PRICE INCREASE

OIL PRICES
Philstar
x
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
Oil price rollback expected on April 30

Oil price rollback expected on April 30

By Ian Laqui | 1 day ago
n oil price decrease could be implemented in the last week of April, according to the Department of Energy.
Business
fbtw
US sets up board to advise on safe, secure use of AI

US sets up board to advise on safe, secure use of AI

11 hours ago
The chief executives of OpenAI, Microsoft and Google are among the high-profile members of a new federal board created to...
Business
fbtw
Ayala Group scales up 2024 budget to P284 billion

Ayala Group scales up 2024 budget to P284 billion

By Richmond Mercurio | 1 day ago
The Ayala Group is hiking its capital expenditures this year, with its property and energy units poised for higher spending...
Business
fbtw
‘BSP ready to mitigate excessive peso volatility’

‘BSP ready to mitigate excessive peso volatility’

By Keisha Ta-Asan | 1 day ago
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in...
Business
fbtw
Banks see higher loan demand in Q2

Banks see higher loan demand in Q2

By Keisha Ta-Asan | 1 day ago
Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid...
Business
fbtw
Latest
abtest
Economy likely grew by 6.2 percent in Q1

Economy likely grew by 6.2 percent in Q1

By Louella Desiderio | 1 day ago
The Philippine economy is expected to have posted a 6.2-percent growth in the first quarter supported by gains in the labor...
Business
fbtw
2GO fortifies fleet with new ships

2GO fortifies fleet with new ships

By Elijah Felice Rosales | 1 day ago
Logistics giant 2GO Group Inc. has brought in a new vessel to cater to the resurgent demand for sea travel, as it plans to...
Business
fbtw
Strong corporate earnings boost market

Strong corporate earnings boost market

By Richmond Mercurio | 1 day ago
The stock market advanced for a fifth straight session yesterday as strong corporate earnings in the first quarter helped...
Business
fbtw
NCR economy grows at slower pace in 2023

NCR economy grows at slower pace in 2023

By Louella Desiderio | 1 day ago
Metro Manila’s economy grew at a slower pace of 4.9 percent in 2023 from 7.2 percent in 2022, according to the Philippine...
Business
fbtw
InstaPay, PESONet transactions hit P3.8 trillion in Q1

InstaPay, PESONet transactions hit P3.8 trillion in Q1

By Keisha Ta-Asan | 1 day ago
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas...
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with