MANILA, PHILIPPINES — Another fuel price rollback of the month is set to take effect on Tuesday, July 26, 2022, according to industry sources.
In a separate advisory, Pilipinas Shell announced price rollback for diesel by P1.85 per liter, P1.30 per liter for kerosene, and P0.40 for gasoline. Changes will take effect on July 26, 2022, at 6:00 am.
Effective 8:01 am, CleanFuel announced a price rollback for gasoline by P0.40 per liter and P1.85 per liter for diesel.
Effective 6:00 am, PetroGazz will implement a price rollback for diesel by P1.85 per liter and gasoline by P0.40 per liter.
Effective 6:00 am, SeaOil will implement a price rollback for gasoline by P0.40 per liter, diesel by P1.85 per liter, and kerosene by P1.30 per liter.
(Other fuel companies have yet to announce their new prices. Bookmark this page for additional fuel price data.)
The estimates for this week are the following:
- Diesel by P1.60-P2.10 per liter
- Gasoline by P0.10-P0.60 per liter
- Kerosene by P1.00-P1.50 per liter
On July 19, fuel prices were reduced by P2.00 per liter for diesel, P5.00 for gasoline, and kerosene by P0.70 per liter. Meanwhile, previous price adjustments on July 12 were P6.10 per liter decrease for diesel, P5.70 per liter for gasoline, and kerosene by P6.30 per liter.
As of July 19, 2022, the year-to-date net increase is P19.30 per liter for gasoline, P34.80 per liter for diesel and P29.35 per liter for kerosene.
Department of Energy-Oil Industry Management Bureau Director Rino Abad said in an interview that the European Central Bank’s (ECB) announcement to hike interest rates is a key factor in global crude prices.
Oil firms usually announce new fuel price changes every Monday to be implemented on Tuesday. – WhatALife!
Also read: Fuel price rollback effective July 19, 2022