Oil firms slash fuel prices today to mark last adjustment for 2021

fuel pump

Fuel companies will lessen their prices at the pump today — the last movement that they will implement for this year.

KEY TAKEAWAYS

  • How much price reduction will oil companies implement today?

    They will cut prices on gasoline products by P0.20 per liter, diesel by P0.65 per liter and kerosene by P0.85 per liter.
  • What companies will be conducting this adjustment?

    These are Petron Philippines, Cleanfuel, Seaoil, Total Philippines, Phoenix Petroleum Philippines and Flying V. Others are expected to follow suit.
  • In their respective advisories, Petron Philippines, Cleanfuel, Seaoil, Total Philippines, Phoenix Petroleum Philippines and Flying V said that they will implement a price cut on gasoline by P0.20 per liter and diesel by P0.65 per liter.

    fuel pump

    Aside from that, most of the abovementioned companies are also set to reduce the price of kerosene by P0.85 per liter.

    Others are expected to follow suit.

    Last weekdiesel and gasoline products both increased by P0.55 per liter while kerosene pump price rose by P0.70 per liter.

    Photos from Ruben D. Manahan IV

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