Fuel companies to cut gasoline, bump up diesel, kerosene pump prices

Price adjustment sees 4th rollback for gasoline products

Fuel companies to cut gasoline, bump up diesel, kerosene pump prices

MANILA: Fuel companies will cut down the cost of gasoline this week while bumping up the price of diesel and kerosene.

KEY TAKEAWAYS

  • By how much will fuel companies adjust the price of gasoline this week?

    According to Petron and Sea Oil, the price of gasoline will increase to P0.25 per liter this week.
  • When will the price adjustment take effect?

    The price adjustment will take effect by 6:00 a.m. tomorrow.
  • According to their respective advisories, Cleanfuel, Petron, and Seaoil will reduce the price of gasoline by P0.10 per liter while the said firms will increase the amount of diesel by P0.25 per liter and kerosene by P0.30 per liter.

    Fuel-pump

    The movements in pricing, which other companies are expected to follow will take effect tomorrow, May 21, at 6:00 a.m.

    Last week, gas prices went down by P2 per liter, diesel by P0.50 per liter, and kerosene by P0.85 per liter.

    Photos from Ruben Manahan IV

    Also read:

    Oil firms to end April 2024 with price cuts

    Fuel prices continue to soar this week

    Big-time price hikes set this week

    Paulo Papa

    Paulo Papa

    Fueled by his passion for cars and a good dose of caffeine, Paulo loves taking his readers for an exciting spin with his writing. A self proclaimed nerd, epigrammatic writer, and a doting father. 

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