Metro News
Oil firms reduce diesel prices
Oil firms will implement big-time price rollbacks for diesel and kerosene as well as less than 50 centavos price cut for gasoline starting this Tuesday, according to a report by Philippine News Agency.
In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Phoenix Petroleum, PTT, Seaoil and Shell said they will cut gasoline prices by PHP0.40 per liter and PHP2.15 per liter for diesel.
Caltex, Seaoil and Shell will also slash kerosene prices by PHP2.10 per liter.
Other oil players are expected to follow suit.
This is the fifth straight week that oil firms will reduce prices of diesel.
As of last week, net price increase for gasoline stood at PHP28.60 per liter since the start of the year; PHP43 per liter for diesel; and PHP36 per liter for kerosene.
Oil prices remain volatile as demand worries for petroleum products continue to rise amid coronavirus disease 2019 (Covid-19) outbreak in China, with its government maintaining its zero-Covid policy.
Share your thoughts with us
Related Articles
PNP asks ICC to respect PH sovereignty
The Philippine National Police (PNP) on Monday called on the International Criminal Court (ICC) to respect the country's sovereignty and acknowledge the capacity of its judicial system, according to a report by Philippine News Agency. PNP chief ...
Sheraton Cebu Mactan Resort delivers connections with PLDT Enterprise
PLDT Enterprise, the B2B arm of largest fully integrated telco in the country, recently partnered with one of the most premiere resorts in Cebu, the Sheraton Cebu Mactan Resort, to deliver robust and reliable connections for their customers and their...
Marcos denies plan to privatize NAIA
The Philippine government has no plan of privatizing operations of the Ninoy Aquino International Airport (NAIA), President Ferdinand R. Marcos Jr. said in a report by Philippine News Agency. Marcos made this clarification after Department of T...
Antipolo extends deadline for business permit renewal
The local government of Antipolo City has given business owners a month extension in securing business permits through online process, according to a report by Manila Bulletin. In an announcement on its Facebook page, the city government said its El...
Caloocan City
Las Pinas City
Makati City
Malabon City
Mandaluyong City
Manila City
Marikina City
Muntinlupa City
Navotas City
Paranaque City
Pasay City
Pasig City
Pateros City
Quezon City
San Juan City
Taguig City
Valenzuela City
