Oil players cut pump prices anew
Local oil prices reduced anew thanks to the announcement made by several oil players.
KEY TAKEAWAYS
How much will local oil companies reduce the price of gasoline?
Local oil players will reduce the price of gasoline by P0.70.By how much will the cost of diesel drop?
The cost of diesel will drop by P3.00 this week.Seaoil, Unioil, and Caltex advised that they will cut the retail cost of gasoline by P0.70 per liter, diesel by P3 per liter, and kerosene by P2.30 per liter.
While other companies have not made their respective announcements, they are expected to follow suit with the changes implemented by the abovementioned companies.
The announced price cut was implemented be today.
To note, oil firms in the Philippines have decreased the price of gasoline by P0.45 per liter diesel by P1.10 per liter, and kerosene by P1.05 per liter last week.
The said price cut marks the second for the month of November.
Photo from Ruben Manahan IV
Also read:
PH oil price hike to continue this week
Global oil prices slide to seven-month low over reduced demand
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