Fuel price rollback set Tuesday
Gasoline prices to be cut by 90 centavos per liter, Diesel to be slashed by 80 centavos per liter
PRICE ROLLBACK. Cars refuel at a gas station along Visayas Avenue, Diliman, Quezon City on Jan. 6, 2025. Oil firms will slash oil prices beginning Tuesday (March 4, 2025). (PNA photo by Ben Briones)
MANILA, Philippines – After two consecutive weeks of oil price hikes, motorists are expected to enjoy lower pump prices as firms are set to implement a rollback on Tuesday.
In separate advisories on Monday, PetroGazz, CleanFuel, Shell, and Seaoil said they will slash diesel and gasoline prices by P0.80 and P0.90 per liter, respectively.
READ:
Fuel price cut: 90¢/liter for gasoline, 80¢/liter for diesel
Gasoline, diesel to go up by 80 centavos per liter starting Feb. 18
PXP Energy cuts losses to P33.3M in 2024
Shell and Seaoil will also slash kerosene prices by P1.40 per liter.
Other oil firms are expected to follow suit.
Last week, oil companies implemented an increase of P0.70 per liter for gasoline, PHP0.40 per liter for diesel and P0.20 per liter for kerosene.
Data from the Department of Energy showed that as of Feb. 25 this year, both gasoline and diesel have a total net increase of P4.75 per liter while kerosene has total net increase of P2.90 per liter. (PNA)
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
