PH oil firms open May 2023 with more than P1/L pump price drop
The downward price movement in the Philippines has continued for the month of May following the retail adjustment today.
KEY TAKEAWAYS
How much will be the fuel price adjustments for May 2, 2023?
Companies reduced the prices of gasoline products by P1.50 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.What companies announced the price adjustments for April 25, 2023?
Caltex, Cleanfuel, Petron, Seaoil, and Unioil made their respective price adjustments for May 2, 2023.Based on their respective advisories yesterday (Monday), Caltex, Cleanfuel, Petron, Seaoil, and Unioil announced that they are set to reduce the pump price of gasoline by P1.50 per liter, and P1.30 per liter on diesel.
Aside from that, many of the aforementioned local oil players stated that they will trim down the price of kerosene by P1.40 per liter.
The movement of price at the pump — which other fuel companies are expected to follow suit — started at 12:01 a.m. today.
Last May 1, Petron raised the price of liquefied petroleum gas (LPG) by P0.85 per kilogram and P0.48 per liter on AutoLPG.
The opening price movement for the month of May followed last week’s retail price slash of P1.40 per liter on gasoline, P0.70 per liter on diesel and P0.20 per liter on kerosene.
Photos from Ruben Manahan IV
Also read:
PH oil firms to raise gas prices this week
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