Oil firms slash pump prices for 2nd time in May 2025
MANILA: In case you were too busy with the midterm elections yesterday: oil companies are set to cut down prices of their products at the pump this week — the second straight downward adjustment for the month of May.
KEY TAKEAWAYS
How much reduction on the price of diesel, gasoline, and kerosene is being implemented this week?
Oil players trimmed down P0.30 per liter on gasoline, P0.90 per liter on diesel and P1.25 per liter on kerosene.When did the adjustments take place?
The adjustment took effect today.Based on their respective advisories, Cleanfuel, Jetti, Petron, Phoenix Petroleum, Seaoil and Unioil shall reduce the prices of gasoline by P0.30 per liter and diesel by P0.90 per liter.
In addition, those that offer kerosene will implement a P1.25-per-liter trim on the aforementioned product.
Photo by Ruben Manahan IVThe adjustments on the retail prices started today — with other firms expected to follow suit.
Prior adjustments
To recall, here are the adjustments last May 5:
- Gasoline: P0.55-per-liter slide
- Diesel: P0.65-per-liter reduction
- Kerosene: P0.90-per-liter trim
Also read:
Fuel prices to skyrocket by more than P1/L this week
Oil firms to implement major price rollbacks ahead of anticipated ‘traffic exodus’
Gasoline, kerosene prices to go down tomorrow
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