Big fuel price rollback set for July 19

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.

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.