Big time oil price cut set for March 24

Robie de Guzman   •   March 23, 2020   •   1169

MANILA, Philippines – Oil companies on Monday announced another round of fuel price rollback to reflect the adjustments in the international oil market.

In separate advisories, Petron Corporation, Chevron Philippines Inc. (Caltex), and Flying V said they will slash the prices of gasoline and kerosene by P3.50 per liter, and diesel by P2.00.

PTT Philippines and Seaoil also announced the implementation of the same amount of price rollbacks.

The fuel price decrease will take effect on March 24, Tuesday.

This is the second week that oil firms implemented hefty price cuts.

The drop in local pump prices was triggered by the decline of prices in the world market.

Oil prices hike again amid pandemic

Marje Pelayo   •   June 30, 2020

MANILA, Philippines — Heftier pump prices of fuel products greeted motorists Tuesday(June 30), as prices of gasoline, diesel and kerosene marked another price hike that took effect at 6:00 a.m. today.

In separate advisories, Chevron Philippines Inc., Flying V, Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will increase the price of gasoline by P0.70 per liter; diesel by P0.30/L, and kerosene by P0.40/L.

Meanwhile, Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Total Philippines Corp. also implemented the same adjustments, except for kerosene which they do not carry.

Other firms are expected to make their announcements anytime within the week.

The price hike was prompted by the movement of fuel prices in the international oil market.

Gasoline, diesel prices to go up this week

Robie de Guzman   •   June 8, 2020

MANILA, Philippines – Local pump prices of petroleum products are expected to increase this week.

In an advisory, Pilipinas Shell Petroleum Corporation said it will hike the price of its gasoline by P1.75 a liter, kerosene by P1.00, and diesel by P1.10 per liter.

Petro Gazz also announced it will implement the same price adjustment, except for kerosene which it does not carry.

The oil firms said this price changes will take effect on Tuesday, June 9.

Other oil companies have yet to announce any price movement for the week.

Oil price rollback set for April 7

Robie de Guzman   •   April 6, 2020

MANILA, Philippines – Oil companies have announced another price rollback on petroleum products this week to reflect the movement in the international oil market.

In separate advisories, Pilipinas Shell Corporation, Chevron Philippines Inc. (Caltex), and SEAOIL Philippines Inc. said they would slash prices for their gasoline, diesel and kerosene products by P0.35 per liter and P0.70 per liter and P0.75 per liter respectively.

Phoenix Petroleum Philippines and Petro Gaxx will also implement the same price cut except for kerosene which they do not carry.

The oil price rollback will take effect on Tuesday, April 7.

This is the fifth consecutive week that oil firms implemented price cuts.

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