Renew Insurance

Oil players to conduct big-time price rollback tomorrow

fuel pump

Oil players in the Philippines on Monday announced that it will conduct more price cuts at the pump this week following the two consecutive downward adjustments since the last week of April 2023.

KEY TAKEAWAYS

  • How much will be the fuel price adjustments for May 9, 2023?

    Companies will reduce the prices of gasoline products by P2.20 per liter, diesel by P2.70 per liter, and kerosene by P2.25 per liter.

  • What time will the adjustments take place?

    The adjustments could reflect as early as 12:01 a.m. tomorrow.

    • Based on their respective advisories, Caltex, Cleanfuel, Petron, Seaoil, and Unioil are set to slash P2.20 per liter on the pump price of gasoline products and P2.70 per liter on diesel.

    In addition, many of the aforementioned companies stated that they will reduce the retail price of kerosene by P2.55 per liter.

    fuel pump

    The movement of price at the pump — which other fuel companies are expected to follow suit — shall begin at 12:01 a.m. tomorrow (May 9).

    Last week, the price of gasoline went down by P1.50 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Oil firms to stop April 2023 pump price hikes

    PH oil firms to raise gas prices this week

    PH oil firms adds P2.60/L on gasoline

    Read All

    Featured Articles

    Recommended Articles For You

    Read All

    You Might Also Be Interested In

    • Advice
    • Financing
    • Insurance

    Featured Cars

    • Upcoming

    Car Articles From Zigwheels

    • News
    • Article Feature
    • Advisory Stories
    • Road Test
    • Toyota Motor PH identifies models to be seen in 10th PIMS
      Toyota Motor PH identifies models to be seen in 10th PIMS
      Ruben Manahan IV . Today
    • Kia concept car designed using AR device
      Kia concept car designed using AR device
      Paulo Papa . Today
    • Zigwheels PH Monthly Wrap: May 2026
      Zigwheels PH Monthly Wrap: May 2026
      Cesar Miguel . Today
    • Chery Tiggo 9 CSH completes epic 12k journey from Europe to China
      Chery Tiggo 9 CSH completes epic 12k journey from Europe to China
      Cesar Miguel . Today
    • Geely EX5 EM-i is 1st car to demonstrate ‘beyond compliance’ crash test in Europe
      Geely EX5 EM-i is 1st car to demonstrate ‘beyond compliance’ crash test in Europe
      Paulo Papa . Today
    • Let’s explore the Lexus IS’s strengths, weaknesses
      Let’s explore the Lexus IS’s strengths, weaknesses
      Cesar Miguel . Today
    • Check out the 6 colors of the Geely EX5 EM-i
      Check out the 6 colors of the Geely EX5 EM-i
      Paulo Papa . Jun 02, 2026
    • 3 reasons to buy the BYD Sealion 7 EV
      3 reasons to buy the BYD Sealion 7 EV
      Cesar Miguel . May 29, 2026
    • Here are the Dongfeng Vigo’s strengths, weaknesses
      Here are the Dongfeng Vigo’s strengths, weaknesses
      Cesar Miguel . May 27, 2026
    • 3 reasons to be excited about the Toyota Land Cruiser FJ
      3 reasons to be excited about the Toyota Land Cruiser FJ
      Cesar Miguel . May 26, 2026
    • Tips on how to prevent vehicle fires
      Tips on how to prevent vehicle fires
      Cesar Miguel . Mar 17, 2026
    • How to prepare your car for summer
      How to prepare your car for summer
      Cesar Miguel . Mar 11, 2026
    • Avoid road trip horror stories this 'Undas' with these tips
      Avoid road trip horror stories this 'Undas' with these tips
      Ruben Manahan IV . Oct 20, 2025
    • Here are ways to avoid road rage
      Here are ways to avoid road rage
      Paulo Papa . Sep 23, 2025
    • How well do you understand traffic signs?
      How well do you understand traffic signs?
      Cesar Miguel . Sep 09, 2025
    • ELECTRIA: VinFast VF 6 is a well-equipped urban warrior
      ELECTRIA: VinFast VF 6 is a well-equipped urban warrior
      Cesar Miguel . Apr 20, 2026
    • BYD DM-i lineup conquers Southern Luzon
      BYD DM-i lineup conquers Southern Luzon
      Cesar Miguel . Mar 10, 2026
    • Hyundai Creta Premium: balancing engaging drive,comfort
      Hyundai Creta Premium: balancing engaging drive,comfort
      Cesar Miguel . Feb 13, 2026
    • First drive: 4th-gen Changan CS55 Plus
      First drive: 4th-gen Changan CS55 Plus
      Paulo Papa . Feb 09, 2026
    • Changan CS15: small upgrades makes the difference
      Changan CS15: small upgrades makes the difference
      Cesar Miguel . Feb 06, 2026