Oil firms to implement big-time rollbacks this week

3rd straight price drop in May 2024

Oil firms to implement big-time rollbacks this week

MANILA: Fuel companies shall conduct another round of rollbacks on the prices at the pump — the third consecutive downward adjustment in May 2024.

KEY TAKEAWAYS

  • What will be the fuel price adjustments for this week?

    Oil companies shall cut down the retail price of gasoline products by P2 per liter, diesel by P0.50 per liter, and kerosene by P0.85 per liter.
  • When will the adjustments take effect?

    The movements in pricing will happen as early as 12:01 a.m. of May 14, 2024.
  • Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall drop the price of gasoline products’ retail prices by P2 per liter and diesel by P0.50 per liter.

    In addition, Caltex, Petron, and Seaoil are also set to slash P0.85 per liter on the price of kerosene.

    The movements in pricing, which other companies are expected to similarly implement, shall take effect as early as 12:01 a.m. tomorrow.

    Last week, gasoline products slid down by P0.75 per liter, diesel by P0.90 per liter, and kerosene by P1.05 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Oil firms to end April 2024 with price cuts

    Fuel prices continue to soar this week

    Big-time price hikes set this week

    Ruben Manahan IV

    Ruben Manahan IV

    Started his journalism stint as cub reporter for a local daily, Fort has been a news junkie ever since he started his career. He has covered for various sections of the newspaper ranging from politics to lifestyle, but his heart now belongs to motoring.

    Read Full Bio

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    PIMS 2024

    You might also be interested in

    • News
    • Featured Stories
    • Upcoming
    • Geely Coolray 2024
      Geely Coolray 2024
      ₱1.199 - 1.299 Million Expected Price Manila
      Expected Launch TBA Alert Me When Launched
    • Kia Carens 2024
      Kia Carens 2024
      ₱1.57 Million Expected Price Manila
      Expected Launch Nov, 2024 Alert Me When Launched
    • Toyota Vios 2024
      Toyota Vios 2024
      ₱832,000 Expected Price Manila
      Expected Launch TBA Alert Me When Launched
    • Omoda E5 ev
      Omoda E5
      ₱1.9 Million Expected Price Manila
      Expected Launch Nov, 2024 Alert Me When Launched
    • MG ZS 2024
      MG ZS 2024
      ₱1.049 Million Expected Price Manila
      Expected Launch Nov, 2024 Alert Me When Launched

    Latest Car Videos on Zigwheels

    Zigwheels
    • What's In Your Two Car Dream Garage? | Zigwheels.Ph with Nissan Philippines
      What's In Your Two Car Dream Garage? | Zigwheels.Ph with Nissan Philippines
      05 Nov, 2024 .
    • Top 10 EVs with the Longest Ranges in the Philippines | Z-List S02E01 | Zigwheels.Ph
      Top 10 EVs with the Longest Ranges in the Philippines | Z-List S02E01 | Zigwheels.Ph
      05 Nov, 2024 .
    • 2024 MG ZS First Look + More | Zigwheels.Ph
      2024 MG ZS First Look + More | Zigwheels.Ph
      05 Nov, 2024 .
    • 2024 PIMS Launch Recap | Zigwheels.Ph
      2024 PIMS Launch Recap | Zigwheels.Ph
      05 Nov, 2024 .
    • 2024 Lexus IS300H POV Driving Review | ZIGWHEELS.PH
      2024 Lexus IS300H POV Driving Review | ZIGWHEELS.PH
      05 Nov, 2024 .
    • 2025 Changan Hunter REEV First Look | Zigwheels.Ph with Changan Auto Philippines
      2025 Changan Hunter REEV First Look | Zigwheels.Ph with Changan Auto Philippines
      29 Oct, 2024 .
    • BEYOND ZERO Toyota Corolla Cross H2 Hydrogen Combustion Prototype Exclusive Look | Zigwheels.Ph
      BEYOND ZERO Toyota Corolla Cross H2 Hydrogen Combustion Prototype Exclusive Look | Zigwheels.Ph
      29 Oct, 2024 .
    • 2024 BYD Seal First Look | Zigwheels.Ph
      2024 BYD Seal First Look | Zigwheels.Ph
      29 Oct, 2024 .
    • 2024 Changan CS35 Plus Luxe | Zigwheels.Ph with Changan Auto Philippines
      2024 Changan CS35 Plus Luxe | Zigwheels.Ph with Changan Auto Philippines
      24 Oct, 2024 .
    • 2025 Chevrolet Captiva First Look | The 100,000 km Family 7-seater MPV! | Zigwheels.Ph
      2025 Chevrolet Captiva First Look | The 100,000 km Family 7-seater MPV! | Zigwheels.Ph
      24 Oct, 2024 .
    Watch Car Videos

    Car Articles From Carmudi

    • journal
    • advice
    • financing
    • insurance
    • Firms to implement price hikes on diesel, kerosene, cut on gasoline
      Firms to implement price hikes on diesel, kerosene, cut on gasoline
      Ruben Manahan IV, Nov 04, 2024
    • 2024 PIMS draws 42K attendees
      2024 PIMS draws 42K attendees
      Ruben Manahan IV, Nov 04, 2024
    • Hyundai Motor PH, ANC+ Group forge alliance
      Hyundai Motor PH, ANC+ Group forge alliance
      Ruben Manahan IV, Nov 04, 2024
    • Inchcape to update Ram 1500 Rebel in PH
      Inchcape to update Ram 1500 Rebel in PH
      Paulo Papa, Oct 31, 2024
    • Suzuki PH offers helping hand to Typhoon Kristine-hit customers with special discounts
      Suzuki PH offers helping hand to Typhoon Kristine-hit customers with special discounts
      Paulo Papa, Oct 31, 2024
    • Buying a used car in the Philippines? Here’s how to dodge scams
      Buying a used car in the Philippines? Here’s how to dodge scams
      Carmudi PH, Oct 16, 2024
    • All you need to know about seatbelts: Rules, penalties, & more
      All you need to know about seatbelts: Rules, penalties, & more
      Carmudi PH, Oct 14, 2024
    • Need help accessing your LTMS account? Here’s how you can recover it
      Need help accessing your LTMS account? Here’s how you can recover it
      Carmudi PH, Oct 09, 2024
    • Surviving the monsoon: 7 Best practices for driving in low visibility
      Surviving the monsoon: 7 Best practices for driving in low visibility
      Carmudi PH, Oct 07, 2024
    • Changing the clutch type: Here's how you can modify your driver's license
      Changing the clutch type: Here's how you can modify your driver's license
      Carmudi PH, Oct 04, 2024
    • Top 15 banks for affordable car loans in the Philippines
      Top 15 banks for affordable car loans in the Philippines
      Carmudi PH, Oct 10, 2024
    • Car loans made simple for OFWs: Everything you need to know
      Car loans made simple for OFWs: Everything you need to know
      Carmudi PH, Oct 03, 2024
    • Car Loan Restructure: Everything a Filipino needs to know before applying
      Car Loan Restructure: Everything a Filipino needs to know before applying
      Carmudi PH, Oct 02, 2024
    • Pitfalls to avoid when refinancing auto loan in the Philippines
      Pitfalls to avoid when refinancing auto loan in the Philippines
      Carmudi PH, Sep 24, 2024
    • Car loan scams in the Philippines: Applicants be aware
      Car loan scams in the Philippines: Applicants be aware
      Carmudi PH, Sep 19, 2024
    • No car insurance? Here’s what all wrong can happen in the Philippines
      No car insurance? Here’s what all wrong can happen in the Philippines
      Carmudi PH, Oct 29, 2024
    • All you need to know about taking photos after a car accident in the Philippines
      All you need to know about taking photos after a car accident in the Philippines
      Carmudi PH, Oct 29, 2024
    • Here’s how to easily obtain car insurance quotes online
      Here’s how to easily obtain car insurance quotes online
      Carmudi PH, Oct 23, 2024
    • Modified car insurance in the Philippines: All you need to know
      Modified car insurance in the Philippines: All you need to know
      Carmudi PH, Oct 21, 2024
    • 8 Must-ask questions before buying car insurance
      8 Must-ask questions before buying car insurance
      Carmudi PH, Oct 18, 2024

    Compare

    You can add 3 variants maximum*