Oil companies to implement price rollback anew

Maris Federez   •   August 12, 2019   •   404

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

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.

Oil prices to go down this week

Robie de Guzman   •   May 27, 2019

Local oil firms have announced a rollback in their petroleum products this week.

In separate advisories, Eastern Petroleum, PTT Philippines and Petro Gazz said they will slash the prices per liter of diesel by P0.45, and gasoline by P0.35.

The price adjustment will take effect at 6 a.m. on Tuesday (May 28).

Caltex, SEAOIL Philippines and Pilipinas Shell Petroleum Corp., meanwhile, have announced the same amounts of rollback in gasoline and diesel, adding that the price of kerosene will also be reduced by P0.60 per liter.

Their price cuts will take effect at 12:01 a.m. on Tuesday.

Phoenix Petroleum Philippines Inc. and Unioil Petroleum Philippines Inc. earlier announced similar price slash.

The oil price rollback will be implemented to reflect the prices in the international petroleum market.

Meanwhile, the price of Liquefied Petroleum Gas (LPG) is also seen to go down in June.

As of May 24, the contract price of imported LPG has significantly declined by $110 per metric ton which is equivalent to P6.40 per kilogram or P70.40 per 11-kilogram cylinder tank.

However, this figure may still change depending on the May 31 final contract price.


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