Oil companies to implement price rollback anew

Maris Federez   •   August 12, 2019   •   494

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

Pump prices to go down this week

Robie de Guzman   •   October 21, 2019

A gas attendant refuels a motorcycle at a gas station in Quezon City, Metro Manila, Philippines. EPA/VAL HANDUMON

MANILA, Philippines – Local prices of petroleum products are set to go down this week.

In separate advisories, Chevron Philippines Inc., SEAOIL Philippines, and Pilipinas Shell Petroleum Corp. said they will slash the prices of gasoline by P0.25 per liter, diesel by P0.10 and kerosene by P0.25 a liter.

Phoenix Petroleum, TOTAL and Petro Gazz will also implement the same adjustments excluding kerosene.

The price rollback will take effect on Tuesday, October 22.

Oil firms last week increased gasoline prices by P0.25 a liter but slashed diesel and kerosene prices by P0.10 and P0.40, respectively.

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.

LPG prices down starting July 1

Robie de Guzman   •   July 1, 2019

Prices of Liquefied Petroleum Gas (LPG) will drop starting Monday, July 1.

In separate advisories released on Sunday (June 30), Petron Corporation and Phoenix LPG Philippines Inc. said the price of their auto LPG will go down by P1.90 per liter and cooking gas by P3.40 per kilogram.

LPG price cuts took effect at 12:01 a.m. on Monday.

Fuel firms said the adjustment is implemented to reflect the international contract price of LPG for the month of July.

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