Gasoline Prices Go Down by P1/Liter

[shadow]

just saw it sa news, but I did not get the reason why...

[[archie]]

wow!! at least a little good news for us.

[tidus1203]

http://www.abs-cbnnews.com/storypage...StoryID=124620

Apparently kala ko nanaginip ako hindi pala. Pero take note GASOLINE ONLY so diesel owners tough luck.

[170kphlang]

good news kahit papaano, bumaba yata by 5-6$ yung price niya sa world market, sana magtuloy tuloy na, bumalik man lang sa 53-55 pesos per liter ok na yun

[[archie]]

^^ tama! sana nga kahit mga ganyang price stable yung price. :clap:

pero according to the news, sabi ni san mateo na bibiglain lang tayo for more rise in gas na sana hindi totoo... but he has a point on what he's saying though.

[shadow]

damn! just had my weekly full tank this morning...bakit hinde Monday or Wednesday nag rollback...hehehe yun ang schedules ko for my weekly full tank hehehe

[tidus1203]

Let us just savor the moment since I haven't had a rollback on me for quite some time. Good thing Friday ang full tank day ko

[batangmahal]

some good news...

Gasoline prices go down by P1 per liter
By Abigail L. Ho
Philippine Daily Inquirer
First Posted 20:01:00 07/09/2008

MANILA, Philippines -- While the rise in world oil prices shows no sign of letting up, motorists can still heave a sigh of relief as oil firms Pilipinas Shell Petroleum Corp. and Flying V decided to reduce the prices of their gasoline products by P1 a liter.

The rollback takes effect at 12:01 a.m. Thursday.

In a telephone interview on Wednesday, Flying V chair and chief executive Ramon Villavicencio said the oil firm had a "comfortable" enough margin from gasoline, enabling it to pass on some relief to motorists using gasoline-fed vehicles.

The same could not be said for diesel, however, as the company still had around P6 a liter worth of under-recoveries to recoup, he said.

"I think it will be better to recover (these under-recoveries) in one blow, because then we can focus our attention on gasoline and provide some relief for those using that fuel," he said.

"The focus has always been on diesel because that’s what most of the public transport sector uses. But some consideration needs to be given to gasoline users as well. We always seem to forget the private car owners, some of whom have already given up the use of their cars in favor of public transport due to the high cost of fuel," he added.

If the diesel under-recoveries of P6 a liter could be recouped at one time via a corresponding P6-a-liter increase at the pump, then motorists could expect no more diesel price hikes for the rest of July, he said.

"But I hope international prices don’t go up too much in the coming weeks. If that happens, we have no way of assuring that pump prices won’t go up in August," he said.

"I really don’t want to make projections, so I can only speak of what’s happening now. What I can say is that diesel prices are still very high now, so we can’t give any rollbacks at this time," he added.

According to data from the Department of Energy, the regional benchmark Dubai crude surged to a July average of $138.48 a barrel from $127.82 a barrel last June.

The price of unleaded gasoline based on the Mean of Platts Singapore (MOPS) benchmark for refined petroleum products jumped to an average of $145.68 a barrel in the July 1-9 period from $140.30 a barrel in June.

MOPS-based diesel skyrocketed to an average of $178.19 a barrel in the first nine days of the month from the June average of $169.36 a barrel.

Since the start of 2008, gasoline, diesel and kerosene prices have risen 18 times for a total of P18 a liter for gasoline and P19.50 a liter for diesel and kerosene.

Prices of premium unleaded gasoline are now between P58.75 and P60.98 a liter, diesel between P53 and P54.97, and kerosene between P57.10 and P60.30 a liter, inclusive of the 12-percent value-added tax.

Gasoline prices already included the P1-a-liter reduction.

==========

tanong ko lang: in the long run, is it wiser to buy gasoline-based vehicles rather than diesel-based vehicles, considering that there's a chance na halos magpapantay na ang presyo nila dito sa atin?

[1D4LV]

just saw it sa news, but I did not get the reason why...

you just don't get the reason why?
i don't want to sound pessimistic but i've observed a trend where a peso rollback would serve as a diving board for a 10 peso increase. ilang beses nang nangyari yan.

check natin kung ano mangyayari sa weekend. pero news is that diesel prices will go up bu 1 peso this weekend.

[Algernon]

It may not be so weird if the lock-in period with them is 2 years, as some analysts expect oil prices to ease somewhat next year and maybe up the year after, given additional production facilities are slated to come online by next year. However after that, demand will probably catch up with supply again, so expect prices to start recovering by 2010 perhaps.

[tidus1203]

And if the oil bubble does pop and you decide to lock your gas at today's prices I think we will have sour faces

[tidus1203]

And if the oil bubble does pop and you decide to lock your gas at today's prices I think we will have sour faces

[[archie]]

^^ hahaha tama ka diyan bro... :bwahaha:

go with the flow na lang muna and see where it goes from this point on.

[puroy]

mabuti na rin bumaba kahit paano.

may news po ba na tataas yung gas mamayang 12:01am saturday?

[puroy]

double post...