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Manila Bulletin devider Business devider Gasoline prices cut by P2.00/liter; diesel up by P0.40/liter

Gasoline prices cut by P2.00/liter; diesel up by P0.40/liter

LPG prices rise by P3.75/kg

Published Oct 2, 2023 05:42 am

At A Glance

  • It's a week of mixed bag adjustments in fuel prices - with gasoline posting hefty rollback; while the price of diesel was slightly up. The added burden, especially for households, will be the increase in LPG prices this month.

The pockets of consumers using gasoline products will have a breather this week as the price of this commodity will be on rollback by P2.00 per liter, as announced by the oil companies.

Nevertheless, it will be a reverse scenario for diesel products as the price of this fuel will rise at a modest amount of P0.40 per liter.

For end-users consuming kerosene products, including households and key industries like aviation, they will also experience cost reduction of P0.50 per liter this week, according to the industry players.

As of press time, the oil firms that already sent notices on their price adjustments effective Tuesday (October 3) had been Shell Pilipinas Corporation, Seaoil, Cleanfuel, PTT Philipones , PetroGazz and Chevron Philippines; while their competitor-firms are all anticipated to match this week’s pricing trends.

Apart from this round of adjustments in fuel prices, consumers also have added burden on the P3.75 per kilogram hike in liquefied petroleum gas (LPG) that was enforced effective October 1 and that will stay for the rest of the month.

The players which enforced increase in their LPG prices over the weekend had been Petron Corporation, Solane and Phoenjx Petroleum; as well as the array of independent players that have been selling the commodity at various retail outlets nationwide.

Additionally, Petron had implemented P2.09 per liter increase on its autoLPG prices; while Cleanfuel advised on P2.00 per liter hike at its own auto LPG stations.

At the gas pumps, this is already the second week that Filipino consumers have been getting a taste of price reduction - with the exception of diesel products within this week.

Prior to the rollbacks which started last week, the relentless climb in prices had been making a heavy dent on consumers’ wallets and paychecks; and alarm bells were also raised on its spiraling impact on the country’s inflation rate.

It was mainly the public transport sector that had been agonizing a great deal when pump
prices are on their continued escalation, because that entails shrinking income that they could bring home to their families.

Related Tags

Cleanfuel Chevron Shell Pilipinas Corporation liquefied petroleum gas oil prices
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