Big-time oil price rollback for January 1, 2019

admin   •   December 31, 2018   •   9523

MANILA, Philippines — A big-time oil price rollback is set to welcome the new year as several oil companies will be implementing price rollback this week.

A P1.30 per liter is the price drop on gasoline, according to oil industry players.

The price cut on diesel will be P1.80 per liter while P1.90 per liter on kerosene.

Last Saturday (December 29) Seaoil, Phoenix Petroleum, PTT Petroleum have already imposed a rollback on petroleum prices.

This will be followed by major oil players on Tuesday (January 1, 2019). — UNTV News & Rescue


Oil price rollback set for Tuesday, July 23

Robie de Guzman   •   July 22, 2019

Local prices of gasoline, diesel and kerosene will be slashed this week.

In separate advisories, oil firms SEAOIL and Pilipinas Shell Petroleum said they will rollback the prices of gasoline by P0.25 a liter, and kerosene by P0.40.

Petro Gazz will also implement the same price adjustment sans kerosene.

Oil companies are set to impose the price rollback on Tuesday (July 23) at 6 a.m. Other oil companies have yet to announce price adjustments for this week.

The looming price cut comes after four consecutive weeks of pump price hikes.

Oil firms to adjust diesel, gas prices Tuesday

Robie de Guzman   •   July 8, 2019

MANILA, Philippines – Local oil firms have announced they will adjust the prices of diesel and gasoline starting Tuesday, July 9.

In separate advisories released over the weekend, oil companies said the price of diesel will be rolled back by P0.40 per liter but gasoline will increase by P0.25 a liter.

This is the fourth straight week that gasoline prices have spiked.

The adjustment will be implemented to reflect international market prices. Global crude prices dropped for most of the past trading week due to the outlook for global economic growth and possible lower demand.

Last week, oil firms raised gasoline prices by P0.30 per liter, diesel by P0.55 and kerosene by P0.45 a liter.

Over P2 oil price cut set for June 11

Robie de Guzman   •   June 10, 2019

Oil companies are set to implement a hefty rollback in local prices of petroleum products this week.

In separate advisories, oil firms announced that the price of gasoline will drop by P2.45 per liter, diesel by P2.70, and kerosene by P2.60 a liter.

The fuel price adjustment will take effect on Tuesday, June 11.

The price rollback comes after global oil prices slipped to their January lows due to surging supply in the market and the possibility of slowing demand.

This is the third straight week that oil prices will go down as oil-producing countries continue to cut back on supply.


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