Oil firms implement price cuts on diesel, kerosene today

Oil firms implement price cuts on diesel, kerosene today

MANILA: Starting today, September 20, oil businesses will drastically reduce the price of their diesel and kerosene goods. However, there will not be any change in gasoline prices. 

KEY TAKEAWAYS

  • How much will diesel and kerosene prices roll back today (Sept. 20)?

    Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, and Unioil all said separately that they will reduce diesel costs by P4.15 per liter. Kerosene costs will also be decreased by P4.45 per liter by Caltex, Seaoil, and Shell.
  • How much as fuel prices increased since the start of the year?

    Since the beginning of the year, the cost of gasoline has increased by a net P26.45 per liter, the cost of diesel by a net P42.10 per liter, and the cost of kerosene by a net P35.95 per liter.
  • Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, Shell, and Unioil all said separately that they will reduce diesel costs by P4.15 per liter.

    Kerosene costs will also be decreased by P4.45 per liter by Caltex, Seaoil, and Shell.

    Kerosene and fuel prices have been falling for three weeks in a row. The fundamental cause of declining oil prices on the global market continues to be concerns about the recession and demand.

    On the other hand, the price of oil is under pressure due to a high dollar.

    As of the time of writing, West Texas Intermediate was up 0.33 percent and Brent crude was up 0.53 percent, selling at US $85.39 per barrel and US $91.83 per barrel, respectively.

    Since the beginning of the year, the cost of gasoline has increased by a net P26.45 per liter, the cost of diesel by a net P42.10 per liter, and the cost of kerosene by a net P35.95 per liter.

    Motorists can modify their driving techniques to save fuel. They can opt for a fuel-efficient engine, lighten the load on their car, drive cautiously, keep in mind that speed affects fuel consumption, check the tire pressure in their car, lower the windows, turn off the air conditioning, and combine their journeys.

    Photo from Chevron Philippines Inc.,

    Also read: 4 tips guaranteed to help you save fuel, starring the Honda Brio RS

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