Gasoline and diesel price cuts start July 26

Gasoline and diesel price cuts start July 26

Updated on July 17 2024

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.

automart fuel price advisory poster july 26 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.