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Oil firms stop pump price hike streak

fuel pump

Fuel companies have finally ended the across-the-board price increase streak that starting since June 1, 2021 as they will be imposing a rollback at the pump tomorrow.

Based on their respective advisories, Caltex, Petron, Shell and Cleanfuel will be imposing reduce P0.75 per liter on gasoline prices and P0.60 per liter on diesel.

fuel pump dispenser

Aside from that, kerosene  will have a P0.60 per liter reduction as well.

Other players in the country are expected to implement similar adjustments.

Last week, gasoline went up by P0.60 per liter, while diesel and kerosene increased by P0.10 per liter and P0.05 per liter, respectively.

Photos from Ruben D. Manahan IV

Also read:

Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH

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