Oil prices down for 3rd straight week

LOWER. A gas station attendant fills up a motorcycle fuel tank in Paco, Manila, on July 29, 2024. Oil companies will implement another big-time rollback on pump prices on Tuesday, Sept. 17, 2024. (Photo courtesy of Yancy Lim/PNA)

By Kris Crismundo | Philippine News Agency

Oil companies will implement another big-time rollback on pump prices on Tuesday.

In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil, and Shell said they will slash gasoline prices by P1 per liter and diesel prices by another P1.30 per liter.

Kerosene prices will also be lower by P1.65 per liter at Caltex, Seaoil, and Shell fuel stations.

This is the third consecutive week that oil firms have cut prices on petroleum products.

With the price adjustments last week, current gasoline prices in Metro Manila range from P50 to P84.32 per liter, diesel from P46.74 to P70.40 per liter, and kerosene from P68.27 to P78.79 per liter.

“Year-to-date, total adjustment of gasoline and diesel stands at a net increase of P5.85 per liter and P3.05 per liter, respectively, while kerosene has a total net decrease of P4.70 per liter,” the energy department said.

Popular

Bringing gov’t service, info to the grassroots: PTV inaugurates regional center in Marawi City

By Brian Campued Continuing its mandate to amplify the government’s commitment to serving the people by reaching every corner of the nation, the People’s Television...

Ishiba seeks continued PH-Japan unity vs coercion in regional waters

By Darryl John Esguerra | Philippine News Agency Visiting Japanese Prime Minister Ishiba Shigeru on Tuesday called for continued coordination between Japan and the Philippines...

OCTA survey ‘validates’ admin’s efforts — PBBM

By Brian Campued The public’s appreciation of the administration’s efforts to address the Filipino people’s needs inspires President Ferdinand R. Marcos Jr. to continue bringing...

PH, Japan begin talks on new logistics deal

By Darryl John Esguerra | Philippine News Agency The Philippines and Japan agreed to begin negotiations on an Acquisition and Cross-Servicing Agreement (ACSA) that would...