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Meager oil price rollback this week

June 19, 2023 Edd Reyes 101 views

AFTER a week of big-time price hikes, local oil companies will implement a meager price rollback that will take effect on Tuesday, June 20, 2023.

Major oil firms Petron Corporation and Pilipinas Shell, in their separate advisories, said they would cut the prices of their gasoline products by P0.35 centavos per liter, diesel by P0.10 centavos per liter, and kerosene by P0.30 centavos per liter effective at 6 a.m. on Tuesday.

Earlier, Chevron Corporation, another major oil firm, said they would implement the same price adjustments for their diesel, gasoline, and kerosene products at 12:01 a.m. Tuesday.

Independent oil companies that do not carry kerosene, such as PTT Philippines, Petro Gazz, Unioil Philippines, Eastern Petroleum, and Total Philippines, in their separate advisories, will also implement the same level of price adjustments on their gasoline and diesel products at 6 a.m. Tuesday while Clean Fuel at 12:01 a.m. Tuesday.

PTT Communication Office Jay Julian said the recent meager price rollback reflects movements in the international oil market.