Fuel companies to impose major rollbacks this week
Latest price cut as big as P1.5/L
MANILA: Fuel players in the Philippines are set to reduce the pricing of their products at the pump this week.
KEY TAKEAWAYS
What are the oil price adjustments this week?
This week, gasoline will go down by P1.55 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.When will the adjustments take effect?
The movements in pricing will become effective starting tomorrow September 10, 2024Based on their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil stated that they will trim down the retail price of gasoline products by P1.55 per liter and diesel by P1.30 per liter.
In addition, kerosene shall also slide by P1.40 per liter as announced by Caltex, Petron, and Seaoil.
Photo from Ruben Manahan IVThe aforementioned adjustment in the retail prices — which other companies are expected to similarly implement — will take effect starting tomorrow (September 10).
Last week, local oil firms jacked up the price of gasoline products by P0.50 per liter, diesel by P0.30 per liter, and kerosene by P0.70 per liter.
Also read:
Oil firms to implement major pump price rollbacks anew
Oil firms to end fuel price slide streak tomorrow
Oil firms to implement 3rd straight price slide for Aug. 2024
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