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Oil firms slash pump prices anew

Oil companies again adjusted their pump prices, a week after implementing a price rollback.

Phoenix Petroleum was the first to slash fuel prices on Saturday, reducing the cost of gasoline by 80 centavos per liter, diesel by P1 per liter and kerosene by P1.15 per liter.
Cleanfuel also reduced its pump prices on Sunday.

Meanwhile, Chevron Philippines (Caltex) and Pilipinas Shell said they would impose the same price adjustments today.


Last week, oil companies implemented a price rollback of P1.45 to P1.55 per liter for gasoline, 50 centavos to 70 centavos per liter for diesel, and P1 per liter for kerosene.

Latest data from the Department of Energy showed that year-to-date adjustments stand at a net increase of P6.41 per liter for gasoline, P5.22 per liter for diesel and P2.76 per liter for kerosene.

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