Oil firms to close Jul. 2024 with pump price cuts
Oil players in the Philippines are set to conduct price cuts at the pump this week.
KEY TAKEAWAYS
What are the oil price adjustments this week?
Companies shall reduce the prices of gasoline by P0.75 per liter and diesel by P0.85 per liter, and kerosene by P0.80 per liter.When will the adjustments take place?
The movements in the pump prices will start tomorrow (July 30, 2024).For this year's final week of July (and the opening week of August), Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil will trim down the retail pricing of gasoline products by P0.75 per liter and diesel by P0.85 per liter.
Additionally, Caltex, Petron, and Seaoil shall reduce the pump price of kerosene by P0.80 per liter.
Photo from Ruben Manahan IVThe expected movements in the pricing, which other brands are to similarly implement, will take effect tomorrow (July 30).
The movements in the prices are set to take effect beginning tomorrow (July 30).
Last week, companies jacked up the price of gasoline by P0.10 per liter but slashed on diesel and kerosene by P0.40 per liter and by P0.70 per liter, respectively.
Also read:
PH oil prices to spike tomorrow
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