As world oil prices softened, oil firms cut prices by as much as P2.25 per liter for gasoline over the weekend.
Total Philippines cut the price of unleaded gasoline by P2 per liter and regular gasoline by P1.50 per liter effective 6 a.m. yesterday.
Seaoil Philippines implemented a price cut of P1.85 per liter for diesel, kerosene and regular gasoline and P1.75 per liter for premium and unleaded gasoline effective 12:01 am today.
‘LPG overpriced in VisMin’
The Liquefied Petroleum Gas Marketers’ Association, a party of small independent refillers and dealers based in Luzon, has filed a formal complaint asking regulators to investigate the excessive prices of the cooking fuel in the Visayas and Mindanao, an LPG/MA press release said.
LPG/MA Party Rep. Arnel Ty said they filed the complaint immediately after the Department of Energy revealed that compared to Metro Manila and Luzon, LPG retail prices in the Visayas and Mindanao are higher by around P150 per 11-kilogram cylinder and P6.50 per liter for autogas.
The figures were based on the results of the DOE’s countrywide monitoring of oil prices as of Aug. 9, and disclosed in a congressional budget hearing, the press release said.
BSP assures public:
Coin supply adequate
The Bangko Sentral ng Pilipinas has assured that there is enough supply of coins in the country, a government press release said.
Regional Monetary Affairs Sub-Sector Deputy Director Ruben Banog said that the problem is not supply of coins but rather coin circulation.
Banog said that they have been intensifying their campaign for the public to help in the efficient recirculation of coins.