After a long series of hikes, fuel prices finally go down across the board
After oil prices breached P60-per-liter mark in Metro Manila, companies have announced that they will slash prices on all their products today.
KEY TAKEAWAYS
By how much will fuel prices roll back?
Various companies have announced a price cut of P1 for gas and P0.60 for diesel.How about kerosene?
The price of kerosene is also set to decrease by P0.60.In their respective announcements, Pilipinas Shell, Petron, Caltex, Cleanfuel, Seaoil, Phoenix, and Total said that they are set to implement a P1-per-liter rollback on gasoline and P0.60 per liter on diesel.
Further, most of the abovementioned firms will also cut back P0.60 per liter on the pump price of kerosene.
Other oil firms are also expected to follow suit today.
Prior to this, fuel companies reduced the price of diesel by P0.35 per liter and P0.30 per liter of kerosene last week.
Photos from Ruben D. Manahan IV
Also read:
Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH
Top 24 Fuel Efficient Cars In The Philippines
5 Tips on How To Get Better Fuel Economy while Driving on Highway
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