Unioil rolls back price of its gasoline products by P1 per liter
05/21/2010
Pat C. Santos, Daily Tribune
Unioil Philippines, a small oil player, has implemented a P1 per liter rollback in its gasoline products yesterday, its second price cut in a span of eight days.
“We would like to inform you that Unioil will have a price rollback on unleaded and quantum products, P1 per liter VAT (value-added tax inclusive),” Leah Flor, Unioil corporate communications officer, said.
The adjustment took effect at 2:01 p.m. yesterday, Flor added.
Unioil’s suggested retail price would now be as follows: diesel, P35.65; gasoline (unleaded) P41.89; regular gas, P43.61; E10, P43.09; quantum, P43.39, and kerosene, P47.25.
Last Monday, the so-called “Big Three” composed of Pilipinas Shell, Petron Corp. and Chevron Philippines (formerly Caltex) and a slew of small oil players pulled down their pump prices, specifically P1 on diesel, regular gas and kerosene and another P1.25 on premium and unleaded gas.
Also an independent player, Unioil earlier had cut its prices last 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.
Thanks to the company’s successive rollbacks the past few days Unioil could still lay claim to having the cheapest fuel prices in Metro Manila. “There’s a P3 to P5 difference between our prices and those of other players,” Flor said.
She particularly pointed out that other oil firms’ unleaded gas — the cheapest gas variant —is at P44.75 a liter while that of Unioil’s is P41.89 a liter.
Unioil, a Filipino-owned company, has around 40 retail branches in Luzon.
Pat C. Santos