Gasoline and diesel price cuts start July 26

By VJ Bacungan, for Automart.PH

METRO MANILA, July 25, 2022 – Oil companies will implement another reduction in fuel prices beginning July 26, 2022.

Seaoil announced in a July 25, 2022 Facebook post that it will roll back the cost of diesel by P1.85 a liter starting 6 a.m. tomorrow.

This comes after the industry slashed diesel prices by P2.00 a liter on July 19, 2022.

Seaoil also announced that it will reduce the price of unleaded by P0.40 a liter, following a huge P5.00 a liter rollback the previous week.

Meanwhile, Cleanfuel said in a July 25, 2022 Facebook post that it will impose the same price cuts starting 8:01 a.m. tomorrow.

This is the fourth consecutive week of oil price cuts, despite the depreciating peso, in light of rising interest rates globally and continued fears of an economic recession.