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Oil firms trim fuel prices for 4th time this month

fuel pump

Motorists will enjoy even lower oil prices on all products at the pump today.

KEY TAKEAWAYS

  • What's the price movement of pump fuel today?

    Oil companies announced that there would be a price rollback of P1.20 on diesel, P1.30 on kerosene, and P0.80 per liter on gasoline products.

  • When did the series of fuel price cuts start?

    The downward trend of oil prices started during the first week of November.

    • Pilipinas Shell, Petron, Caltex, Cleanfuel, Seaoil, Phoenix, and Total will impose a price rollback of P1.20 on diesel and P0.80 per liter on gasoline.

    Aside from that, most of the abovementioned oil players will also cut down P1.30 per liter on kerosene.

    fuel pump

    Other companies are expected to implement the same movement as well.

    Last November 16, gasoline went down by P0.90 per liter and kerosene by P0.10 per liter.

    The prices of fuel pump products has trending downward since early this month.

    Photos from Ruben D. Manahan IV

    Also read:

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

    Top 24 Fuel Efficient Cars In The Philippines

    5 Tips on How To Get Better Fuel Economy while Driving on Highway

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