Fuel prices expected to go down week of September 6  

More good news awaits motorists this week, as fuel prices are expected to drop for both gasoline and diesel at the pumps beginning Tuesday, September 6. 

PH Fuel Watch anticipates rollbacks for both gasoline and diesel [Image: PH Fuel Watch]

In an advisory on its Facebook page, fuel price watchdog PH Fuel Watch announced that gasoline prices are expected to roll back from Php 2.60 to Php 2.90 per liter. For diesel, price reductions will likely fall between Php 1.60 and Php 1.90 per liter. The post notes that final prices will depend on the station and location. 

Independent oil player Unioil made a similar announcement on its social media channels, although it did not specify how much the price reductions will be. 

Another fuel retailer, Cleanfuel, pegged the rollbacks at Php 2.60 per liter for gasoline and Php 1.55 per liter for diesel. These will be effective on September 6 at 12:01 a.m. These were also the projected price adjustments for Petro Gazz, which will take effect at 6:00 a.m. 

Cleanfuel is more specific in its projected prices [Image: Cleanfuel]

Seaoil customers will likewise find that their preferred gasoline blends will be cheaper by Php 2.60 per liter, while diesel becomes more affordable by Php 1.55 for every liter at the pumps. In addition, prices on its kerosene products will also roll back by Php 1.60 per liter.  
 
The negative price adjustments follow two consecutive weeks of price increases on fuel, caused by increased global demand that prompted a corresponding adjustment on crude oil costs. 

There were indications of a downward trend in fuel prices as early as Thursday, September 1. This was according to Philippine Petroleum Companies Association founding chairman Fernando Martinez. 

Even kerosene is expected to roll back prices [Image: Seaoil]

Data from the Department of Energy (DOE) as of August 30 show that net price increases since the start of the year have amounted to Php 19.55 per liter for gasoline, Php 37.80 per liter for diesel, and Php 33.20 per liter for kerosene.   
 
Keep tabs on fuel price movements with our updates at Philkotse.com.