Oil firms to trim down fuel prices to welcome Aug. 2024
Price cuts as high as P0.85/L
MANILA: Fuel companies in the Philippines shall trim down their prices at the pump this week.
KEY TAKEAWAYS
What are the oil price adjustments this week?
Oil firms shall trim down the prices of gasoline by P.075 per liter, diesel by P0.85 per liter, and kerosene by P0.80 per liter.When will the adjustments take effect?
The price movements will become effective tomorrow (July 30, 2024).Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall reduce the price of gasoline products by P.075 per liter and diesel by P0.85 per liter.
Aside from that, Caltex, Petron, and Seaoil are also set to cut down the pricing of kerosene by P0.80 per liter.
Photo from Ruben Manahan IVThe adjustments in the prices at the pump, which other companies are expected to similarly implement, are set to be effective by tomorrow (July 30).
Last week, companies jacked up the price of gasoline by P0.10 per liter, but implemented rollbacks on diesel by P0.40 per liter and kerosene by P0.70 per liter.
Also read:
Oil price hikes to continue for 2nd of Jul. 2024
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