Oil firms to cut down prices by at least P1.30/L this week
Adjustments to take effect tomorrow
Oil companies in the Philippines shall conduct big-time price rollbacks on their products at the pump this week.
KEY TAKEAWAYS
What are the oil price adjustments this week?
This week, gasoline products shall drop by P1.55 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.When will the adjustments take effect?
The movements in pricing will become effective starting tomorrow (September 10, 2024).Based on their respective advisories, Cleanfuel, Caltex, Jetti, Petron, Seaoil, and Unioil will reduce the retail price of gasoline products by P1.55 per liter and diesel by P1.30 per liter.
In addition, Caltex, Petron, and Seaoil shall cut down the price of kerosene shall also slide by P1.40 per liter.
The price slide in the retail prices — which other companies are expected to similarly conduct — will be effective beginning tomorrow (September 10).
Last week, local oil firms increased the price of gasoline products by P0.50 per liter, diesel by P0.30 per liter, and kerosene by P0.70 per liter.
Also read:
Oil firms to jack price pump price to open 'Ber' months
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