Oil firms to slash pump prices Tuesday

MANILA — Local oil firms announced a reduction in pump prices effective 6 a.m. Tuesday (July 24).

In separate announcements, Petron, Flying V, Jetti Petroleum, Uniol, Caltex, PTT Philippines, and Phoenix Petroleum said they will implement price rollbacks of PHP1 per liter for diesel, and PHP0.70 per liter for unleaded gasoline.

Petron, Flying V and Caltex will also implement a PHP1.25-per-liter price reduction for kerosene.

Meanwhile, Petrogazz beat competitors to the punch with a PHP1-per-liter reduction for biodiesel and PHP0.70 for unleaded gasoline effective 6 a.m. Monday.

Eastern Petroleum was also an early bird with an PHP0.80-per-liter rollback in the price of gasoline, and PHP1-per-liter rollback in the price of diesel effective 12 noon Monday.

Last week, pump prices went up by PHP0.30 per liter for gasoline, went down by PHP0.15 per liter for diesel, and no price adjustment for kerosene after its price went up by PHP0.70 per liter the previous week.

The oil firms said price adjustments reflect the movements in the international petroleum market, which they are simply passing on to the consuming public. (Ma. Cristina Arayata /PNA)

Popular

PBBM to soldiers: Serve the citizenry, protect the homeland

By Dean Aubrey Caratiquet “Panata ito ng katapatan sa tungkulin at paninindigan para sa bayan.” At the oath-taking ceremony of 29 newly promoted generals and flag...

Gov’t assures prompt aid to Cebu quake victims

By Brian Campued Following the directive of President Ferdinand R. Marcos Jr. to provide immediate relief to families and individuals affected by the magnitude 6.9...

PBBM assures sustained gov’t support to calamity-hit Masbate

By Brian Campued President Ferdinand R. Marcos Jr. on Wednesday assured the public that the government will continue to provide various forms of assistance to...

ICI follows evidence, not manipulated for political gain —Palace told Escudero, VP Sara

By Brian Campued The Independent Commission for Infrastructure (ICI) remains “independent” and only follows evidence and is not controlled for political gain amid its probe...