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Oil firms to cut down prices by at least P1.30/L this week

fuel pump

Oil companies in the Philippines shall conduct big-time price rollbacks on their products at the pump this week.

KEY TAKEAWAYS

  • What are the oil price adjustments this week?

    This week, gasoline products shall drop by P1.55 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.

  • When will the adjustments take effect?

    The movements in pricing will become effective starting tomorrow (September 10, 2024).

    • Based on their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil will reduce the retail price of gasoline products by P1.55 per liter and diesel by P1.30 per liter.

    In addition, Caltex, Petron, and Seaoil shall cut down the price of kerosene shall also slide by P1.40 per liter.

    Fuel station Photo from Ruben Manahan IV

    The price slide in the retail prices — which other companies are expected to similarly conduct — will be effective beginning tomorrow (September 10).

    Last week, local oil firms increased the price of gasoline products by P0.50 per liter, diesel by P0.30 per liter, and kerosene by P0.70 per liter.

    Also read:

    Oil firms to jack price pump price to open 'Ber' months

    Oil companies to implement big-time price cut this week

    Oil firms to close Jul. 2024 with pump price cuts

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