Oil companies to implement price rollback anew
Oil companies have implemented a price rollback on petroleum products.
Industry players said prices of diesel will be reduced by one peso and 10 centavos per liter, while gasoline will have a fifty-centavo cut price.
Kerosene, on the other hand, will have a Php1.30 per liter price rollback.
Phoenix Petroleum, Clean Fuel, and Seaoil were the first ones to reduce the price of their oil products during the weekend.
Big-time players Shell, Petron and Caltex will implement the price cut tomorrow.
The price reduction is due to the movement of oil prices in the world market.
/mbmf P10 price rollback on LPG effective April 1
MANILA, Philippines – Effective Wednesday (April 1), households will be able to breathe a sigh of relief as big-time price rollback takes effect on liquefied petroleum gas (LPG).
Petron Corp. and Solane on Tuesday (March 31) announced price reductions of its LPG products.
Effective 12:01am Wednesday, Petron Corp. slashed prices of its LPG products by P10.70 per kilogram and P6.00 per liter for Auto LPG.
Phoenix LPG Philippines also announced a similar price cut on Phoenix Super LPG as well as on its AutoLPG.
Solane LPG prices, meanwhile, imposed a price reduction of P9.58 per kilogram on its LPG products.
With P10.00 to P11.00 per kilogram price rollback, each 11-kilogram LPG cylinder is now P110 to P121 lower than the previous price.
LPG rollback seen in March
The Liquefied Petroleum Gas Marketers Association (LPGMA) might implement a price rollback on their LPG beginning March.
According to the LPGMA, there will be P2 to P4/kilogram price reduction. For every 11 kilogram LPG tank, there will be a price reduction of P22 to P44.
The said price rollback is expected to take effect starting March 1.
—AAC Big-time oil price hike takes effect this week
MANILA, Philippines – Oil companies are set to impose big-time oil price hike this week.
Shell announced that effective 6:00 AM Tuesday (December 31), it will impose an additional P0.80/L on gasoline; P0.50/L on diesel and P0.35/L on kerosene.
Unioil, meanwhile, said it will add P0.45/L to P0.55/L to the price of diesel and P0.85/L – P0.95/L to gasoline.
Oil firms clarified, however, that the price adjustment does not include the impending excise tax on fuel set for 2020.
Industry players said the oil price hike follows price adjustment in the world market.