Phoenix Petroleum Philippines cut pump prices by P1.20 per liter for gasoline and P0.75 per liter for diesel effective 6 a.m. Saturday to reflect the movement of prices in the world market.
“Phoenix Petroleum will decrease the prices of diesel by P0.75 per liter and gasoline by P1.20 per liter effective 6am March 7,” the company said in its advisory.
Cleanfuel announced that it will cut prices at the same level effective Sunday, 4:01 p.m. while other oil firms oil firms are also expected to follow suit.
Last week, the oil firms also cut pump prices as much as P1.65 per liter as global economies reel from the impact of the coronavirus (COVID-2019). The coronavirus outbreak has already affected air travel, shipping, and other businesses worldwide.
Phoenix Petroleum implemented its second P20 per liter offering for any of its fuel variants last March 1 from 9 a.m. to 11 a.m. only in selected stations.
On Feb. 20, Phoenix Petroleum implemented its first P20 per liter promo on its fuels at ten participating Phoenix stations nationwide for a limited time only.
“We have received overwhelming responses and requests from Filipino motorists who wish to avail of our fuels at a very low price after we implemented our first P20 per liter promo, thus, we are offering a second round, this time, at other locations to reach other communities and on a weekend to give opportunities for those who were unable to gas up during the weekday run,” Phoenix Petroleum chief operating officer Henry Albert Fadullon said.
“This special treat is meant to celebrate how we rose to be a credible alternative brand over the years because of the support of our loyal customers, and consequently, show them how committed we are to continue to be their indispensable partner in their journey,” Fadullon added.
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