Renew Insurance

Oil price cuts to continue tomorrow

fuel pump

Although relatively small compared to the previous weeks’ adjustments, fuel companies will continue to trim down the retail price of their pump products tomorrow— the fifth consecutive reduction since the start of the final quarter of 2022.

KEY TAKEAWAYS

  • What companies announced the adjustment for tomorrow?

    The companies that announced the adjustment are Caltex, Cleanfuel, Petron, Phoenix Petroleum, PTT Philippines, and Unioil.

  • How much is the fuel price adjustment tomorrow?

    Based on their advisories, oil firms will cut down the price of gasoline by P0.40 per liter, diesel by P0.45 per liter, and kerosene by P0.85 per liter.

    • Based on their respective advisories, Caltex, Cleanfuel, Petron, Phoenix Petroleum, PTT Philippines, Seaoil, and Unioil are set to reduce the price of gasoline by P0.40 per liter and diesel by P0.45 per liter.

    Many of the aforementioned companies will also decrease the price of kerosene by P0.85 per liter.

    fuel pump

    Other companies are expected to implement the same adjustment.

    The adjustments will start at 12:01 a.m. Tuesday.

    Last week, gasoline prices went down by P1.65 per liter, diesel by P1.25 per liter, and kerosene by P1.35 per liter.

    Photos from Ruben D. Manahan IV

    Also read:

    Diesel, kerosene prices go down by P4/L today

    Oil prices to slide down further tomorrow

    Oil firms to cut down pump prices tomorrow

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