Business and Economy
Another ‘big-time’ oil price rollback set this week
The same amount will be reduced of Caltex’s gasoline and diesel products effective 12:01 a.m. and Cleanfuel’s products by 8:01 a.m. (PNA photo by Rico H.Borja)
MANILA – Oil firms will implement another price rollback effective Tuesday.
In separate advisories, Seaoil, Petro Gazz, PTT Philippines, and Petron said price of their gasoline products will be slashed off PHP5 per liter while price of diesel will be reduced by PHP2 per liter.
The same amount will be reduced of Caltex’s gasoline and diesel products effective 12:01 a.m. and Cleanfuel’s products by 8:01 a.m.
Seaoil and Petron will also roll back the price of its kerosene products by PHP0.70 per liter effective 6 a.m.
“These reflect movements in the international oil market,” Petron said.
This is the third consecutive week that oil companies cut prices of their products given the same development in the international market.
After rising to over USD100 per barrel in recent months, oil prices in the international market have gone down to below this level partly on account of expected slower demand in major economies due to concerns on economic slowdown and the impact of lockdowns following latest surge in coronavirus disease 2019 (Covid-19) infections.
Reynaldo Leo
July 19, 2022 at 11:47 AM
Sana patuloy itong mangyayari upang hindi na mahirapan pa ang lahat nang estado mapa trabaho, at nagnenegosyo mga establishimento at iba pa. Sa marahil nagtataka din ang lahat sa pagtaas nang inflation ay maaring dulot rin ito nang mataas na gasulina pero sana ang mga big company sa pilipinas ay babaan nadin ang presyo dahil bumababa nadin ang gasulina para sa transportation.
Ma Teth Belmin
July 20, 2022 at 8:56 AM
Ito sana ang pagtuunan din ng pansin lalo ng ating bagong administrasyon.Sobrang pahirap sa lahat ang pagtaas ng presyo ng mga produktong petrolyo dahil halos lahat ng presyo ng mga bilihin ay tumaas din.Kung hindi man maibabalik sa dati ang presyo ng gasolina sana tuluyan nang bumaba ang presyo nito para naman maginhawahan kahit paano ang lahat ng mga konsyumer ng mga produktong petrolyo.
Gia Lou
July 20, 2022 at 5:16 PM
Additionally, this is the administration’s main concern. Since the costs of practically all commodities have grown as well, the rise in the price of petroleum products is extremely tough for everyone. If the price of gasoline could not be brought back to normal, it has been reduced to make things simpler for all petroleum product consumers.