MANILA, Philippines – Local pump prices are expected to go down again this week.
In separate advisories, oil companies including Chevron Philippines (Caltex), Pilipinas Shell Petroleum, Phoenix Petroleum and Seaoil have announced reduction in the price per liter of gasoline by P0.80, diesel by P1.00 and kerosene by P1.15.
The price adjustment will take effect at 6 a.m. on October 8, Tuesday.
Cleanfuel have earlier announced similar price cut which took effect on Sunday, Oct. 6 at 4:01 p.m.
This is the second consecutive week of fuel price rollbacks.
MANILA, Philippines – Oil companies have announced another price rollback on petroleum products this week to reflect the movement in the international oil market.
In separate advisories, Pilipinas Shell Corporation, Chevron Philippines Inc. (Caltex), and SEAOIL Philippines Inc. said they would slash prices for their gasoline, diesel and kerosene products by P0.35 per liter and P0.70 per liter and P0.75 per liter respectively.
Phoenix Petroleum Philippines and Petro Gaxx will also implement the same price cut except for kerosene which they do not carry.
The oil price rollback will take effect on Tuesday, April 7.
This is the fifth consecutive week that oil firms implemented price cuts.
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