Fuel firms to cut prices for first time in 2022; diesel to go down by P11.45 per liter

ABS-CBN News

Posted at Mar 21 2022 09:39 AM | Updated as of Mar 21 2022 02:06 PM

Buko vendor Rosel Borante pays for P50 worth of fuel at a nearby station after running out of gas and being forced to push her motorcycle along UN Avenue in Manila on March 15, 2022. Jonathan Cellona, ABS-CBN News/File
Buko vendor Rosel Borante pays for P50 worth of fuel at a nearby station after running out of gas and being forced to push her motorcycle along UN Avenue in Manila on March 15, 2022. Jonathan Cellona, ABS-CBN News/File

MANILA - Oil firms will cut fuel prices for the first time in 2022 following price hikes that lasted for 11 weeks.

The following price rollbacks will be implemented on March 22:

PILIPINAS SHELL

• Gasoline = P5.45 per liter 
• Kerosene = P8.55 per liter 
• Diesel = P11.45 per liter 

CALTEX

• Gasoline (platinum, silver variants) = P5.45 per liter 
• Diesel = P11.45 per liter 
• Kerosene = P8.55 per liter 

SEAOIL

• Gasoline = P5.45 per liter 
• Diesel = P11.45 per liter 
• Kerosene = P8.55 per liter 

PETRO GAZZ

• Diesel = P11.45 per liter 
• Gasoline = P5.45 per liter 

TOTAL

• Diesel = P11.45 per liter rollback
• Gasoline = P5.45 per liter rollback

PTT
• Gasoline = P5.45 per liter rollback
• Diesel = P11.45 per liter rollback

Diesel prices rose by as much as P13 last week as global benchmark prices skyrocketed due to Russia's invasion of Ukraine.

Russia is among the world's biggest oil producers. 

The energy department earlier said the prices of diesel and gasoline were expected to go down by P12 and P6 this week. 

Refresh this page for updates.

-- with a report from Alvin Elchico, ABS-CBN News

RELATED VIDEO:

Watch more News on iWantTFC