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2012-11-01

Latest Philippine Domestic Oil Price Monitor

Effective 29 October 2012, most of the oil companies implemented a decrease of P2.15/l for gasoline and P1.35/l for diesel.  Other products, such as, regular gasoline and kerosene were also decreased by P1.70/l and P1.35/l, respectively. Several players advised their downtrend adjustments as early as Saturday, but based on 3-days MOPS, some effective Sunday yet, Flying V
and Unioil lead the price rollbacks.

The latest adjustment reduced the year-to-date net increase for gasoline to P0.58/liter, while diesel resulted to a net decrease of P0.88/liter. LPG remained at a net increase of P8.54/kg. -www.doe.gov.ph

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