Oil firms to cut down gas prices by P0.60/L

Rollback follows price increases

Oil firms to cut down gas prices by P0.60/L

MANILA: Fuel companies in the Philippines are set to trim down the prices at the pump this week.

KEY TAKEAWAYS

  • How much is the fuel adjustment for February 13, 2024?

    Oil companies will reduce the price of gasoline by P0.60 per liter, diesel by P0.10x per liter, and kerosene by P0.40 per liter.
  • When will the price adjustments take effect?

    The said adjustments shall become effective as early as 12:01 a.m. of February 13, 2024.
  • Based on their respective advisories, Caltex, Cleanfuel, Petron, Seaoil, and Unioil shall slash P0.60 per liter on gasoline and diesel by P0.10 per liter.

    In addition, Caltex, Petron, and Seaoil shall implement retail price cut on kerosene by P0.40 per liter.

    Fuel-pump

    The adjustments, which other companies are expected to follow suit, shall start as early as 12:01 a.m. tomorrow (February 13). 

    Last week, local oil players raised the price of gasoline by P0.75 per liter, diesel by P1.50 per liter, and kerosene by P0.80 per liter.

    Photos by Ruben Manahan IV

    Also read:

    Gasoline prices to spike up by almost P3/L tomorrow

    Diesel, kerosene price hikes for tomorrow barely misses P1/L mark

    Oil firms to add P0.10/L on PH pump prices tomorrow

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