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Gas prices to go lower still Monday



MANILA, Philippines – Prices of gasoline, diesel, and kerosene are dropping for a second straight week starting 12:01 a.m. Monday, Sept. 23, oil companies announced Saturday.

Citing international price movements and the strong peso, Petron, Shell, and Seaoil announced the adjustments for gasoline (down by P0.70 per liter), diesel (down P0.90 per liter), and kerosene (down P1 per liter) on Saturday. PTT Philippines announced similar price cuts for its gasoline and diesel products.

Oil firms tend to track each other’s prices.

Including Monday’s price adjustments, the year-to-date net increase in gasoline will be P1.24 per liter while that of diesel will be P2.38 per liter.

Last week, the oil firms pushed back pump prices for gasoline by P1.60 per liter. Diesel and kerosene prices softened by more modest rates of P0.80 per liter and P0.85 per liter, respectively.

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Tags: Business , Consumer Issues , gas prices , oil firms

  • NoWorryBHappy

    During the time of Gloria Arroyo, gas prices ALWAYS went up.
    It is a PLEASANT surprise that under President Noynoy, gas prices
    can go UP OR DOWN, dictated only by market forces. We want to see
    this continue well even after President Noynoy’s term.

  • earlrichards

    Google “Goldman’s, Global Oil Scam.” The Philippines is a victim of this scam. To avoid the the gasoline price, rip-off, plug your Tesla S, electric car into your household, solar solar array.

  • PinoyPower1

    Good news!!

  • Just_JT

    It’s good that gas prices will be lower. This means that the P51.80/L at the moment will be around P51.10 by Monday, Sept. 23. Great!

  • gringoloco

    Oil companies have the green light from government to “play” with the prices as they wish.
    That happens because Mr Aquino is not doing anything to control prices,
    Mr Aquino wants middle class to became poor.
    So in the future will be only rich and poor people.,
    Filipinos are simple CORNUDOS.
    Walk up people.
    Ask Mr. Aquino to step down.
    He just wants to make sure you starving and your family also.
    Each and every program government is full of dirty and paybacks.
    Military forces of Filipinas, take over the government.
    Save the Country please.

  • pugadlawin

    Oil cartel in the country sanctioned by the government!

  • Cerise David

    “Gas prices to go lower still Monday.” Parang word puzzle ah. Minus 10 points for Slytherin.

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