ANOTHER oil price rollback takes effect today, Tuesday.
Oil companies announced a P3.50 per liter price cut on gasoline products, P3.50 per liter for kerosene and P2 per liter for diesel.
Petron Corp., Pilipinas Shell, Petro Gazz, PTT Philippines, Seaoil, Chevron Philippines said their price adjustments will take effect on Tuesday at 6 a.m.
Other oil firms are expected to follow suit.
This is the fourth consecutive oil price rollback for this month. Gasoline prices have been reduced by a total of P10.35 per liter, kerosene prices by P10.55 per liter and diesel by P8.60 per liter since the month started.
The Department of Energy (DOE) earlier assured the public of continuous and sufficient fuel supply in the National Capital Region (NCR) during the enhanced community quarantine imposed by the government.
“During this most challenging time, it is imperative to ensure the continued supply of fuel products, especially in areas under quarantine. Having sufficient petroleum supply is vital, making it a critical concern amid this crisis. The entire energy family is working 24/7 to make sure that energy services remain unimpeded,” said DOE Secretary Alfonso G. Cusi.
The DOE is closely coordinating with stakeholders to ensure the unhindered entry of fuel supply to affected retail outlets. It already requested oil companies to submit a status report on depots supplying Metro Manila.
Petron’s assurance
Petron Corp., the country’s largest oil refiner, also assured consumers of continuous supply of its petroleum products while the enhanced community quarantine remains in Luzon island, affecting more than 50 million people.
Petron Corp. also said it would ensure enough fuel for vital industries.
“So far, our entire supply chain is working overtime to ensure that enough products are produced at our refinery. Vessels are continuously loaded so that our terminals are filled, and tank truck operations remain consistent. We are also trying our best to keep as many of our stations open and filled as possible while putting the safety and well-being of our employees first,” President and Chief Executive Officer Ramon S. Ang said.
Petron provides nearly 30 percent of the country’s petroleum requirements through its 180,000 barrel-per-day Bataan refinery, 30 terminals and over 2,400 stations nationwide.
Petron has widely implemented a work-from-home set-up for its Luzon-based offices. Meanwhile, those working on the frontline—its office-based skeletal force, service station personnel, tank truck drivers and helpers—are guided by the necessary protocols to ensure their health and safety.
The oil industry is among those granted exemption by the government from the Luzon-wide quarantine. At this point, Petron has fully activated its Business Continuity Plan, taking into consideration all possible scenarios.