The oil companies will implement a hefty price rollback this week of as much P1.40 per liter to reflect the movement of prices in the world market.
“Expect fuel prices to go down next week (March 30 to April 5, 2021). Diesel should go down by P1.30 to P1.40 per liter. Gasoline should go down by P1.20 to P1.30 per liter,” Unioil said in its advisory.
World oil prices last week declined due to a renewed rise in COVID-19 cases in the US and lockdowns in Europe, which has dampened prospects of a global oil recovery.
On Saturday, Unioil Philippines cut the price of its diesel by P1.30 per liter and gasoline by P1.20 per liter “to reflect the changes in the international oil market.”
Unioil also announced it is offering fuel discounts to all frontliners and essential workers from March 25, 2021, until April 4, 2021, during the enhanced community quarantine period.
It said health workers, PNP/Military personnel, local government units, logistics companies, third-party food delivery services get P2.50 off per liter on Euro 5 Diesel, P3 off per liter of Euro 5 Gasoline 91, and P4 off per liter og Euro 5 Gasoline 95 and 97 at participating Unioil stations.
Customers just need to present their PRC License/ID.
On March 23, the oil companies also implemented a price rollback of P0.35-P0.44 per liter of diesel and P0.45 per liter of kerosene. There was no movement on the price of gasoline.
These resulted in a year-to-date adjustments of a net increase of P5.90 per liter of diesel and P4.90 per liter of kerosene while gasoline remained at a net increase of P7.35 per liter, according to Department of Energy data.