Unioil rolls back diesel prices
MANILA, Philippines - Unioil Petroleum Philippines yesterday led the announcement of a rollback of its diesel prices by 25 centavos per liter and 75 centavos reduction per liter of its gasoline.
The price rollback would be implemented today, Unioil said.
As of May 11, the price of Dubai crude, the benchmark of oil refiners, dropped by $1 in April to $84 a barrel.
Unleaded gasoline at Mean of Platts Singapore (MOPS), the pricing gauge being used by oil importers, also went down by $3 as of yesterday from $94 in April.
Diesel prices at MOPS averaged $95 per barrel against $96 a barrel last month.
Other oil companies, on the other hand, have yet to announce their price adjustments.
Before the price reduction, diesel was sold from P34.65 to P37.95 a liter and gasoline from P43.70 to P45.25 per liter.
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