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PH oil players to slash fuel prices anew for Aug. 2024

Fuel station

Local oil players are set to trim down the pricing of products at the pump anew — the second downward adjustment for August 2024.

KEY TAKEAWAYS

  • hat are the oil price adjustments this week?

    This week, gasoline products will go down by P0.10 per liter, diesel by P0.20 per liter, and kerosene by P0.45 per liter.

  • When will the adjustments take effect?

    The movements in the pump prices will start tomorrow (August 6).

    • Based on their respective advisories, Caltex, Cleanfuel, Jetti, Petron, Seaoil, and Unioil shall reduce the retail price of gasoline products by P0.10 per liter and diesel by P0.20 per liter.

    Further, Caltex, Petron, and Seaoil are poised to cut down the pricing on kerosene by P0.45 per liter.

    fuel pump dispenser Photo from Ruben Manahan IV

    Such movements, which other companies are expected to similarly conduct, will take effect tomorrow (August 6, 2024).

    Last week, gasoline products slid down by P.075 per liter, diesel by P0.85 per liter, and kerosene by P0.80 per liter.

    Also read:

    PH oil prices to spike tomorrow

    Fuel prices at the pump to go up this week

    PH oil firms to trim down pump prices anew for May 2024

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