Published: Friday 01 June, 2018

Oil Price Rollback: Phoenix Cuts Gasoline & Diesel Prices Friday, June 1

A surprise ‘big time’ oil price rollback has been announced by Phoenix Petroleum! At 6:00 PM today, Friday, June 1, Phoenix will decrease gasoline and diesel prices “to afford motorists a longer period to avail of cheaper fuels.”

Phoenix oil price rollback

Phoenix rolls back gasoline and diesel prices four days ahead of usual schedule. (Phoenix Petroleum logo)

The move is a pleasant surprise to motorists. One, because oil price adjustments are usually announced every Monday and take effect every Tuesday, thus this announcement by Phoenix is totally unexpected.

And, two, because after a series of price increases, a ‘big time’ rollback is definitely most welcome!

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According to the announcement, Phoenix will roll back gasoline prices by P1.40 per liter and diesel prices by P1.00 per liter.

Will other oil companies follow suit?



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