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Fuel prices set to go down tomorrow

fuel pump

Fuel companies on Monday announced that prices of products at the pump will slide down tomorrow (May 17, 2022) following last week’s increase.

KEY TAKEAWAYS

  • How much is the fuel price adjustment for tomorrow?

    Oil companies will lower the retail price of diesel by P3.10 per liter, kerosene by P2.10 per liter, and gasoline products by P0.40 per liter.

  • What are the companies that announced the scheduled rollback?

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

    • Based on their respective advisories, Petron, Caltex, Cleanfuel, Seaoil Philippines, Total Philippines, PTT Philippines and Unioil will cut down the price of diesel by P3.10 per liter and gasoline by only P0.40 per liter.

    Aside from that, many of the aforementioned industry players will reduce the price of kerosene by P2.10 per liter.

    Other companies are expected to implement similar adjustments.

    Last week, diesel and gasoline retail prices went up by P4.20 per liter and P5.85 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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