ph6 Fuel price watch: Gasoline, diesel down 80¢/L, 20¢/L starting Jan 28

Updated:2025-01-28 05:24    Views:77

FUEL PRICE WATCH Companies announces Monday, January 27, 2025, fuel price rollbacks starting Tuesday, January 28. In separate advisories, firms said the price of gasoline will drop by 80 centavos per liter, diesel by 20 centavos per liter, and kerosene by 50 centavos per liter. This marks the first pump price reduction this year following three consecutive weeks of price hikes. Associated Press file photo

Good news greeted motorists this week after companies announced fuel price rollbacks that will take effect Tuesday, Jan. 28.

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In separate advisories, firms said the price of gasoline would drop by 80 centavos per liter and diesel by 20 centavos per liter. and kerosene by 50 centavos per liter.

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Petro Gazz, Shell Pilipinas, and Seaoil will implement the downward price adjustment starting at 6 a.m. Tuesday, and Cleanfuel at 8:01 a.m. also on Tuesday. Other industry players are expected to announce similar price adjustments.

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READ: Fuel price hike: Diesel up P2.70/L, gasoline P1.65/L starting Jan 21

This marks the first pump price reduction this year following three consecutive weeks of price hikes.

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Last week, industry sources hinted at a pump price decrease due to various global events, such as the proposed tariffs of US President Donald Trump that could affect global economic growth and demand for energy.

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READ: Fresh round of fuel price hikes set on Tuesday, January 14

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They also mentioned the easing of geopolitical tensions in the Middle East, which could lighten disruptions to the shipping route along the Red Sea.

Comments from top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts tempered hopes for another bumper cut at the bank’s next meeting, while Middle East worries pushed gold to a new record.

Before this week’s adjustment, firms jacked up gasoline by P1.65 per liter, diesel by P2.70 per liter, and kerosene by P2.50 per liter.

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