Oil price rollback looms this week

Aileen Cerrudo   •   September 30, 2019   •   346

Oil companies are set to have an oil price rollback this week.

Phoenix Petroleum already implemented an oil price rollback on Sunday (September 29). Their gasoline price went down by P1.55 per liter while diesel was down by P0.50 per liter.

SEAOIL Philippines has also reduced their gasoline price by P1.45/liter, diesel by P0.60/liter, and kerosene by P1.00/liter.

Meanwhile, Petro Gazz and Pilipinas Shell will implement the price rollback on Tuesday (October 1).

Petro Gazz cut prices of gasoline by P1.55/liter and diesel by P 0.50/liter while Pilipinas Shell will cut prices of gasoline by P1.45/liter, diesel by P0.60/liter and kerosene by P1.00/liter.—AAC

Oil price rollback set for April 7

Robie de Guzman   •   April 6, 2020

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.

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.

Big-time oil price rollback set next week

Robie de Guzman   •   March 15, 2020

MANILA, Philippines – Oil firms are set to implement a hefty rollback in the prices of their fuel products next week to reflect the adjustments in the international market.

In separate advisories, Petron Corporation and Flying V announced they will cut the prices of their diesel and gasoline by P4 per liter and P4.50 a liter for kerosene.

Shell Petroleum Corporation, on the other hand, said it will slash its diesel and gasoline prices by P4.25 a liter, and kerosene by P4.35.

Cleanfuel also announced the same fuel price adjustment except for kerosene.

The fuel price decrease will take effect on March 17, Tuesday.

The drop in local pump prices was triggered by the decline of prices in the world market.

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