Oil firms to implement 3rd straight price slide for Aug. 2024
Retail price reduction as big as P2.45/L
MANILA: Fuel companies in the Philippines are set to implement their third consecutive pump price reduction for August 2024.
KEY TAKEAWAYS
What are the oil price adjustments this week?
This week, fuel prices shall slide down by P2.45 per liter on gasoline, P1.90 per liter on diesel, and P2.40 per liter on kerosene.When will the adjustments take effect?
The movements in pricing will become effective starting tomorrow (August 13).Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall bring down the retail price of gasoline products by P2.45 per liter and diesel by P1.90 per liter.
In addition, Caltex, Petron, and Seaoil will also trim down the pricing of kerosene by P2.40 per liter.
Photo from Ruben Manahan IVThe aforementioned adjustments on the retail of their products at the pump — which other companies are expected to similarly implement — will take effect tomorrow (August 13).
Last week, gasoline products slid down by P0.10 per liter, diesel by P0.20 per liter, and kerosene by P0.45 per liter. The week before that, gasoline products already 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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