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Oil firms to conduct price cut anew

fuel pump

Local oil firms will continue to implement cuts on their prices at the pump — the second consecutive slide for the month of May.

KEY TAKEAWAYS

  • What will be this week's fuel price adjustments?

    Companies are set to cut down the gasoline prices by P0.75 per liter, diesel by P0.90 per liter, and kerosene by P1.05 per liter.

  • When will the adjustments be implemented?

    The movements in pricing will happen as early as 12:01 a.m. of May 6, 2024.

    • Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, PTT, Seaoil, and Unioil shall reduce the retail price of gasoline by P0.75 per liter and diesel by P0.90 per liter.  

    Aside from that, Caltex, Petron, and Seaoil shall trim down P1.05 per liter slash on kerosene.

    Fuel station

    The adjustments are to take effect as early as 12:01 a.m. tomorrow by some brands.

    Last week, gasoline products went down by P0.25 per liter, diesel by P0.45 per liter, and kerosene by P0.90 per liter.

    Photos by Ruben Manahan IV

    Also read:

    Fuel prices to spike up anew this week

    Gas prices to spike up anew this week

    PH oil firms to impose 'big-time' price hikes this week

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