Oil firms announce big-time gasoline price slash

Robie de Guzman   •   May 13, 2019   •   1620

Motorists can expect lower prices of gasoline and kerosene this week.

Local oil industry players have announced that the price of gasoline will be reduced by P1.25 per liter while kerosene will be slashed by P0.30 a liter.

Diesel will have no price movement.

The price rollback will take effect on Tuesday (May 14) but some oil companies have opted to implement the price cut early.

The oil price slash was imposed to reflect the prices in the world market.

Gatchalian calls for price freeze extension on kerosene, LPG

Aileen Cerrudo   •   March 30, 2020

Senator Win Gatchalian is calling on the government to extend the price freeze on kerosene and Liquefied Petroleum Gas (LPG).

Gatchalian said the 15-day prize freeze on kerosene and LPG imposed by the Department of Energy (DOE) should be extended especially when the enhanced community quarantine is expected to go beyond April.

“The DOE should extend the prevailing price freeze until the situation has normalized to ensure that all Filipinos are protected from any price manipulation during the entire enhanced community quarantine period,” Gatchalian said.

Oil companies decreased the price of LPG on March 2 by P3.90/kg or about P42.90/11-kg cylinder while kerosene prices decreased by P2.20/liter.

The senator also urged the DOE to be vigilant against traders who might take advantage of the ongoing crisis. He also calls on the public to immediately report pricing abuses to the DOE.

Big time oil price cut set for March 24

Robie de Guzman   •   March 23, 2020

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.

Hefty oil, LPG price rollback seen this week

Aileen Cerrudo   •   March 2, 2020

Oil companies are set to lower their oil prices to almost P2 beginning Tuesday (March 3) after crude prices drop in the global market due to the coronavirus threat.

Seaoil and Shell will implement their oil price rollbacks on Tuesday at 6:00 a.m. Their gasoline prices will drop by P1.40 per liter, diesel prices will drop by P1.60/liter while their kerosene prices will be reduced by P1.65/liter.

Petro Gazz will also lower their oil prices to P1.40/liter in gasoline and P1.60/liter in diesel.

Meanwhile, Cleanfuel and Phoenix Petroleum already implemented their reduced prices during the weekend. Diesel and gasoline prices in Phoenix Petroleum and Cleanfuel dropped by P1.60/liter and P1.40/liter, respectively.

Prices of Liquefied Petroleum Gas (LPG) in Petron also dropped on Monday (March 2) by P3.90/kilogram. Auto LPG, meanwhile, had its prices drop by P2.20/liter.—AAC (with reports from Grace Casin)


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