Unioil welcomes the Chinese New Year with a P2 price cut on Diesel and Kerosene products
January 26, 2009
As a fitting gift to the public this Chinese New Year Unioil Petroleum Philippines Incorporated (UPPI) announced another price rollback for Diesel and Kerosene products sold by its retail stations.
Unioil General Manager Chito Medina-Cue Jr. said the price cut of P2 per liter will be implemented starting at 2pm today, Monday. "Unioil decided to institute a price cutback due to the current market positioning relative to diesel prices," Medina-Cue said.
'This is also our gift to the public who are one with the celebration of the Chinese New Year today," Medina-Cue added.
With the latest rollback, Unioil's Pure Diesel Plus B1 price stands at P28.97 per liter and P37.68 for Kerosene. Prior to the rollback, Diesel is sold at P30.97 per liter while P39.68 for Kerosene.
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Product
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Suggested Retail Price
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Pure Diesel Plus B1
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P 28.97 / liter
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Kerosene
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P37.68 / liter
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“To summarize Unioil’s rollback from July 31, 2008 to December 24, 2008 was a total of P26.50 reduction for Pure Diesel Plus B1, while P27.52 on Quantum and P27.52 for Unleaded Gasoline, a total of 15 price adjustments last year,” Medina-Cue explained.
“If we were to add the latest rollback of Jan. 26, 2009 for Pure Diesel Plus B1, this would translate to a total of P28.50 accumulated reductions, a true milestone because the Diesel pricing crossed the 50% reduction level in Unioil’s retail pump prices,” Medina-Cue reiterated.
UNIOIL PETROLEUM PHILIPPINES INC. ROLLBACK SUMMARY
PERIOD: July 31, 2008 to Dec. 24, 2008
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Total amount of rollback
(Pure Diesel Plus B1)
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Total amount of rollback
(Quantum)
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Total amount of rollback
(Unleaded)
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P26.50
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P27.52
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27.52
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Medina-Cue said the latest movement is also a testament to the company's commitment to sell high-quality petroleum products at affordable and competitive prices.
"At the end of the day, Unioil is not only a company with a mission to sell petroleum products but also a company with conscience. We are all consumers here," he added.
"Unioil chose to be a corporate responsible company that would give fair prices to the buying motorists, Medina reiterated.
He added that Unioil will always give the public the real prices as determined by market competition, supply, and international prices for the ultimate benefit of the consuming public.
Unioil is one of the country's leading independent oil players with about 40 retail stations in mainland Luzon alone.
It is also in the midst of a P90 million-expansion plan that would see the construction, initially of six more stations in Quezon City, Paranaque, Pasay and Makati to service the growing demand of the public for quality yet affordable oil products.
by Leah Flor