Renew Insurance

Fuel prices set to go down tomorrow

fuel pump

Fuel companies will reduce the price of their products at the pump tomorrow (May 3, 2022) to mark the initial week of May.

KEY TAKEAWAYS

  • How much is the price adjustment for tomorrow?

    Oil companies will lower the retail price of diesel and kerosene by P1.15 per liter, and gasoline products by P0.65 per liter.

  • What are the companies that announced the aforementioned adjustment?

    The companies that announced the oil price drop are Petron, Caltex, Cleanfuel, Seaoil, and PTT Philippines

    • Petron, Caltex, Cleanfuel, Seaoil, and PTT Philippines have announced in their respective advisories that they will lower the retail price of diesel by P1.15 per liter and gasoline by P0.65 per liter.

    Many of the aforementioned industry players in the country will also implement a P1.15-per-liter-slash on the pump price of kerosene.

    fuel pump dispenser

    Other companies are expected to implement the same movement.

    Last week, local oil players added P4.10 per liter ro diesel, P3 per liter on gasoline, and P3.50 per liter on kerosene.

    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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