Big fuel price rollback set for July 19

Big fuel price rollback set for July 19

Updated on April 22 2024

By VJ Bacungan, for Automart.PH

METRO MANILA, July 18, 2022 – Another rollback this week!

Cleanfuel announced in a July 18, 2022 Facebook post that it will reduce fuel prices starting July 19, 2022 at 8:01 a.m.

The company said it will slash the cost of diesel by P2.00 a liter, which comes after a P6.10 a liter decrease implemented on July 12, 2022.

automart poster fuel price advisory july 19 2022

Cleanfuel also announced that it will reduce the price of unleaded by P5.00 a liter. Oil firms slashed gasoline prices by P5.70 a liter the week before.

Meanwhile, Seaoil said in a July 18, 2022 Facebook post that it will implement its rollbacks starting 6 a.m. tomorrow.

This is the third consecutive week of oil price rollbacks following weeks of huge price increases.

Factors for the recent price cuts include fears of a looming recession and higher interest rates in major economies worldwide.