PH oil firms open May 2023 with more than P1/L pump price drop 

The downward price movement in the Philippines has continued for the month of May following the retail adjustment today.

Based on their respective advisories yesterday (Monday), Caltex, Cleanfuel, Petron, Seaoil, and Unioil announced that they are set to reduce the pump price of gasoline by P1.50 per liter, and P1.30 per liter on diesel.

Aside from that, many of the aforementioned local oil players stated that they will trim down the price of kerosene by P1.40 per liter.

The movement of price at the pump — which other fuel companies are expected to follow suit — started at 12:01 a.m. today.

Last May 1, Petron raised the price of liquefied petroleum gas (LPG) by P0.85 per kilogram and P0.48 per liter on AutoLPG.

The opening price movement for the month of May followed last week’s retail price slash of P1.40 per liter on gasoline, P0.70 per liter on diesel and P0.20 per liter on kerosene.

Photos from Ruben Manahan IV

Also read:

PH oil firms to raise gas prices this week

PH oil firms adds P2.60/L on gasoline

Oil firms set price hikes for Holy Week 2023