Firms to cut oil prices this week
Adjustments not more than P0.45/L
MANILA: Fuel companies in the Philippines shall reduce this week’s prices at the pump — the second downward adjustment for the month of August this year.
KEY TAKEAWAYS
What are the oil price adjustments this week?
This week, fuel prices will go down by P0.10 per liter on gasoline products, P0.20 per liter on diesel, and P0.45 per liter on kerosene.When will the adjustments take effect?
The price movements will become effective tomorrow (August 6).Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall trim down the retail price of gasoline products by P0.10 per liter and diesel by P0.20 per liter.
Photo from Ruben Manahan IVIn addition, Caltex, Petron, and Seaoil are poised to cut down the pricing on kerosene by P0.45 per liter.
The movements in the prices, which other companies are expected to similarly implement, will take effect tomorrow (August 6, 2024).
Last week, gasoline products went down by P.075 per liter, diesel by P0.85 per liter, and kerosene by P0.80 per liter.
Also read:
Oil price hikes to continue for 2nd of Jul. 2024
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