Unioil cuts gas prices by P1
20 May 2010
by Alvin Murcia , People's Journal
UNIOIL Petroleum Philippines Inc. yesterday slashed prices of unleaded gasoline by P1 per liter, its second rollback in a span of eight days.
Leah Flor, the company’s Corporate Communications Officer, said Unioil will have a price rollback on Unleaded and Quantum products by P1 per liter. She added that the rollback, which took effect at 2: 01 p.m., was prompted by a decrease in the prices of petroleum products in the international market.
Unioil now sells diesel at P35.65 per liter, gasoline (unleaded), P41.89; regular gas, P43.61; E10, P43.09; Quantum, P43.39 and kerosene at P47.25. Last Monday, the “Big Three” and a slew of small oil players pulled down their pump prices by P1 on diesel, regular gas and kerosene and another P1.25 on premium and unleaded gas.
Unioil earlier cut its prices on May 12, when it shed P0.75 a liter on all its gasoline products and P0.25 a liter on diesel.
Only Unioil enforced a rollback on pump or any price tweak at all during that week. All the other oil companies’ previous adjustment was a P0.50 per liter hike on diesel, gasoline and kerosene during the first week of May.
“There’s a P3 to P5 difference between our prices and that of other players,” Flor said. She said other oil firms’ unleaded gas sells at P44.75 a liter while that of Unioil costs only P41.89 a liter.
by Alvin Murcia