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Fuel companies to initiate 1st rollback for May

fuel pump

MANILA: Local oil players are poised to initiate a price rollback, which will be the first for the month of May. 

KEY TAKEAWAYS

  • What are the fuel adjustments this week?

    This week, companies will cut P0.55 per liter to the price of gasoline, P0.65 per liter to diesel, and P0.90 per liter to kerosene.

  • When will the adjustments take effect?

    The movements in pricing will take effect starting May 6, 2025.

    • Caltex, Cleanfuel, Jetti Petroleum, Unioil, Petron, Phoenix Petroleum, and Seaoil, announced in their respective advisories that the cost of gasoline will drop by P0.55 per liter and the price of diesel, by P0.65 per liter. 

    Meanwhile, brands who sell kerosene noted that the price of the aforementioned product will be reduced by P0.90 per liter. 

    fuel pump Photo by Ruben Manahan IV

    The aforementioned price changes are expected to take effect tomorrow, May 6. 

    Last week’s movement 

    Last week, prices at the pump increased altogether. Below are the said changes: 

    • Gasoline: +P1.35 per liter 
    • Diesel: +P0.80 per liter
    • Kerosene: +P0.70 per liter

    Also  read:

    MPTC revives ‘Safe Ride, Free Load’ promo

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