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Oil firms roll out 2-phase price hikes

23 June 2025
in Business
Reading Time: 5 mins read
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Oil firms roll out 2-phase price hikes
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By Sheldeen Joy Talavera and Chloe Mari A. Hufana, Reporters

OIL FIRMS have agreed to implement the pump price hike in two tranches this week to lessen the burden on consumers, the Department of Energy (DoE) said on Monday.

Seaoil Philippines, Shell Pilipinas Corp., Petron Corp., Caltex Philippines, PetroGazz Ventures Philippines Corp., Unioil Petroleum Phils., Inc., Jetti Petroleum Inc., and Cleanfuel said they will increase gasoline prices by P1.75 per liter, diesel by P2.60 per liter, and kerosene by P2.40 per liter, effective June 24.

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