cdn mobile

Gasoline prices drop by 10¢ per liter, diesel up 25¢ from May 21

By: Jordeene B. Lagare - @inquirerdotnetINQUIRER.net | May 20,2024 - 11:44 AM

Fuel prices in some Cebu City gas stations as of March 26

Fuel prices are expected to do down this week. INQUIRER FILE PHOTO

MANILA, Philippines — Local fuel companies will adjust fuel pump prices starting Tuesday, May 21.

Gasoline is down by 10 centavos per liter, while diesel and kerosene will increase by 25 and 30 centavos, respectively.

Shell Pilipinas and Seaoil will be among the first to apply the mixed fuel price adjustment on Tuesday at 6 a.m. Cleanfuel will implement the adjustment at 4:01 p.m.

The Department of Energy (DOE) said on Friday that lingering economic and geopolitical uncertainties are the drivers of this week’s pump price adjustments.

READ: Gasoline prices down by P2 per liter, diesel by 50¢ effective May 14

Fuel prices as of May 7: Gasoline cut by 75 cents, diesel by 90

“Oil prices rallied as [the] Opec (Organization of the Petroleum Exporting Countries) remains optimistic on oil demand growth despite economic and geopolitical uncertainties,” DOE’s Oil Industry Management Bureau director Rodela Romero said.

Last Tuesday, a big-time price rollback of petroleum products took effect. Per liter, gasoline decreased by P2 per liter, diesel by 50 centavos and kerosene by 85 centavos.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

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.

TAGS: fuel prices, gasoline stations, oil companies
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.