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Oil firms announce big-time gasoline price slash

by Robie de Guzman   |   Posted on Monday, May 13th, 2019

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.

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Oil firms to adjust diesel, gas prices Tuesday

by Robie de Guzman   |   Posted on Monday, July 8th, 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.

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Oil price hike set for July 2, LPG prices down

by Aileen Cerrudo   |   Posted on Monday, July 1st, 2019

Oil prices are set to go up starting on Tuesday (July 2).

This is the third oil price hike after a series of price rollbacks in the past several weeks.

According to industry players, diesel prices will go up by P0.95 per liter. There will also be a P1.20 per liter increase in gasoline prices and P1.00 in kerosene.

Meanwhile, there is a P3.00 per liter rollback in liquid petroleum gas (LPG) prices starting Monday (July 1).

LPG PRICE ROLLBACK:

  • Petron – P3.40/KILO
  • Phoenix – P3.40/KILO
  • Solane – P3.36/KILO

Auto LPG also had a price rollback of P1.90 per liter.

Price changes in fuel products are due to the price movement of oil in the world market.—AAC (with reports from Mon Jocson)

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Oil price hike set for June 25

by Aileen Cerrudo   |   Posted on Monday, June 24th, 2019

Oil prices are set to go up on June 25 due to the oil price movement in the world market. This is due to the oil price movement in the world market.

Effective at 6:00 a.m. Tuesday, diesel prices will increase by P0.55 while gasoline will have an increased price of P0.30.

Other oil companies will implement an oil price hike of P0.45 in Kerosene.—AAC

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