The country’s oil firms cut pump prices by P0.10 per liter effective Tuesday to reflect the movement of prices in the world market.
“Please note that Total will adjust pump prices effective Aug. 7, 6 am. Price rollback of P0.10 per liter on diesel and price rollback of P0.10 per liter for gasoline,” Total said in its advisory.
PTT Philippines, Phoenix Petroleum Philippines, and Seaoil Philippines also cut prices while other oil companies are expected to follow.
World oil prices was affected by ongoing trade tension between the US and China and oversupply concerns from the Organization of Petroleum Exporting Countries.
Petron Corp., meanwhile, is now accepting the Pantawid Pasada Card distributed by the Department of Transportation and Department of Energy in 740 service stations nationwide as part of its strong support to government efforts to help the Public Utility Jeepney sector.
Petron said these stations are visibly marked with a Pantawid Pasada Program signage and are located along high-traffic transport routes.
“As the leading Filipino-owned oil company, we fully support the government’s move to provide this needed relief in diesel prices to public utility jeepneys and the riding public,” Petron president and chief executive officer Ramon Ang said.
Cardholders just need to present their cards to any service station attendant for proper identification and validation before fueling up with diesel.
“With our top-quality fuels and loyalty programs such as the Super Driver Card, our customers can be sure that they get the most out of every liter in terms of mileage, engine protection, and rewards,” Ang said.
PUJ drivers can also still use their Petron Super Driver Card (SDC) to earn special bonus points, discounts with merchant partners, and instant cash back in terms of peso points for every purchase of fuels, lubricants, and Gasul in Petron service stations.
The Petron Super Driver Card can be availed in Petron stations across the country.
SDC cardholders are also entitled to free 24/7 towing and roadside assistance, P10,000 personal accident insurance, and P1,000 medical reimbursement. The SDC, which has nearly 500,000 users nationwide, can be utilized in over 2,100 Petron service stations.
Petron was the first oil company to introduce a discount scheme for the public transport sector in selected stations along major thoroughfares in response to rising prices in 2003.
To give more benefits to the transport sector, the company also launched a rewards program in 2014 to give bonus points to purchase fuels, special discounts, and free personal accident insurance.
Petron last week assured consumers of steady supply of petroleum products despite its ongoing legal battle with state-owned Philippine National Oil Co. (PNOC) over leased properties.
“So far, we continue to enjoy undisturbed possession of the leased properties that are vital to our operations, pending resolution of the issues we raised in court against PNOC and its president, so there is nothing to worry about. We remain committed to providing the kind of services we provide our consumers all over the country, ”Ang said.
Petron is the Philippines’ largest refiner providing nearly 40 percent of the country’s petroleum requirements through its 180,000 barrel-per-day Bataan refinery, 30 terminals, and 2,400 stations nationwide.
Petron’s lease for both service stations and bulk plants are set to expire August.
PNOC threatened to terminate the lease agreement and offer the properties to other entities unless Petron waives the contract provision on automatic renewal.
Petron said it had no choice but go to court as this constituted a major breach of a binding and compulsory sale-leaseback contract.