Gas, diesel pump prices to slide by P0.20/L
MANILA: After weeks of continued steady increases, fuel companies in the Philippines are set to cut down the price of fuel products at the pump.
KEY TAKEAWAYS
How much are the fuel price adjustments for September 26, 2023?
Local oil players are set to roll back the prices of gasoline and diesel by P0.20 per liter, as well as kerosene by P0.50 per liter.When will the adjustments take place?
The adjustments on pump prices on some oil players are set to be implemented as early as 12:01 a.m. tomorrow.Based on their respective advisories, Caltex, Cleanfuel, Seaoil, and Unioil will reduce the price of gasoline and diesel by P0.20 per liter each.
Further, companies who retail kerosene shall trim down the product’s retail price by P0.50 per liter.
Other local players are expected to implement the same adjustments.
The movement in pricing will take effect as early as 12:01 a.m. tomorrow (September 26) on some companies.
Last week, oil firms in the country raised the price of gasoline by P2 per liter, diesel by P2.50 per liter, and kerosene by P2 per liter.
Photos from Ruben Manahan IV
Also read:
PH oil price hike to continue this week
Global oil prices rise as demand in China increases
Global oil prices slide to seven-month low over reduced demand
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