Fuel prices drop by P1.85 per liter in Cebu City gas stations on Dec. 12

Fuel pumps. INQUIRER FILE PHOTO

CEBU CITY, Philippines — A big rollback on the prices of three fuel products has been implemented on Tuesday, December 12.

In separate advisories, local oil firms announced the cut in the price of gasoline by P1.60 per liter, diesel by P1.85 per liter, and kerosene by P1.40 per liter.

“Crude prices eased on lower-than-expected OPEC+ (Organization of the Petroleum Exporting Countries) cuts and US inventory build while expectation of stimulus package from China provided floor to the market,” said the Department of Energy.

Last week, gasoline and kerosene increased by 30 centavos per liter and 20 centavos per liter, respectively, while, diesel dropped by 30 centavos per liter.

The following are the fuel prices in some gas stations in Cebu City as of December 12, 2023:

Shell Gas Station Jones Avenue corner Uytengsu St.
Fuel Save Gasoline – P61.35
V-Power Gasoline – P66.68
Fuel Save Diesel – P57.95
V-Power Diesel – P66.95

Shell Mobility Midtown Mango
Fuel Save Diesel – P57.95
V-Power Diesel – P66.90
Fuel Save Gasoline – P61.35
V-Power Gasoline – P69.08
V-Power Racing – P71.08

Shell Mobility Banilad Central
Fuel Save Diesel – P59.15
V-Power Diesel – P66.54
Fuel Save Gasoline – P59.80
V-Power Gasoline – P69.59
V-Power Racing – P69.99

Shell Gas Station (Salinas Drive, Cebu City)

Fuel Save Gasoline – P65.45
V-Power Gasoline – P70.03
Fuel Save Diesel – P60.85
V-Power Diesel – P67.75
V-Power Racing – P74.43

READ:

Oil steady ahead of interest rate decisions, OPEC+ supply cut doubts

Prices of gasoline, kerosene to increase; diesel going down

Fuel prices in 5 gas stations in Cebu City: Diesel down by P1.10, gasoline by 45 cents