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Oil firms continue price slide this week

fuel pump

MANILA: More good news to motorists: oil companies in the Philippines shall continue to trim down the pricing of their products at the pump this week.

KEY TAKEAWAYS

  • What are the movements in oil prices this week?

    Oil firms will trim down the prices of gasoline by P1.70 per liter; diesel, P0.90 per liter; and kerosene, P1.80 per liter.

  • When will the adjustments take effect?

    The movements in pricing will be implemented by tomorrow (March 11).

    • Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil and Unioil will slash the retail price of gasoline by P1.70 per liter and diesel, P0.90 per liter,

    Additionally, those that sell kerosene will reduce P1.80 per liter on the aforementioned product.

    Fuel station Photo by Ruben Manahan IV

    The second consecutive downward adjustment in pricing this month will be implemented tomorrow (March 11).

    Last week, gasoline prices slid by P0.90 per liter, diesel by P0.80 per liter and kerosene by P1.40 per liter.

    These are prevailing retail prices of petroleum products in the National Capital Region in February 18-24:

    Product

    Overall range (in Pesos)

     

    Common Price (in Pesos)

    Gasoline (RON97/100)

    55.05

     76

    70.29

    Gasoline (RON95)

     53

    77.67

    71.20 

    Gasoline (RON91)

     52

     69.05

     60.20

    Diesel

     50

     65.10

     56.65

    Diesel Plus

     57.60

     74.64

     68.10

    Kerosene

     72.54

     84.20

     73.67

    Also read:

    Oil firms to trim down fuel prices this week

    Fuel companies to spike up gas prices; cut down diesel, kerosene

    Fuel price increases to continue this week

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