Oil price rollback effective on Aug. 4

Oil price rollback effective on Aug. 4

MANILA – Oil companies will implement price rollback effective morning of August 4.

In separate advisories, Chevron (Caltex), Cleanfuel, Flying V, Petro Gazz, Seaoil and Shell said they will cut diesel prices by PHP0.30 per liter and PHP0.25 per liter on gasoline prices.

Chevron, Flying V, Seaoil, and Shell will also reduce kerosene prices by PHP0.15 per liter.

On the other hand, prices of liquefied petroleum gas (LPG) increased this month.

Phoenix LPG Philippines, Inc. and Petron announced an increment of PHP0.15 per kilogram of its LPG product, while Solane-branded LPG increased by PHP0.13 per kilogram exclusive of value-added tax.

This reflects a minimal increase of up to PHP1.65 for a regular 11-kilogram LPG cylinder.

As Metro Manila, Bulacan, Cavite, Laguna and Rizal will be placed under a stricter community quarantine measure again on Tuesday, Department of Energy (DOE) Secretary Alfonso Cusi has assured the public of the continuous services in the energy sector.

“DOE will continue to work quietly to ensure uninterrupted supply of power and petroleum products in all parts of the country. We will see to it that our industry backliners can also safely report to work to run the plants, the grids, the gas stations, and others,” Cusi said. (PNA)

Leave a Reply