Top Gear Philippines

Unioil slashed as much as P4.50 off its fuel prices amid a transport strike staged by public utility vehicle drivers protesting against high oil prices.
The independent oil firm trimmed gasoline price by P4.50 per liter, diesel by P3.50, and kerosene by P1.50 at 2 p.m. on July 13.

"We (are) bringing back the real big-time rollback. Presently, we are seeing an eight percent rebate on fuel credit card purchases and we are contemplating to give more than the eight percent in terms of outright discounts," said Unioil general manager Chito Medina-Cue Jr.

Unioil's rollback reflects the drop of fuel prices in the international market. The Philippines is highly dependent on imported fuel products.

Yesterday's rollback came after Unioil's oil price reduction of as much as P1.25 a liter on June 29.

Unioil is an independent oil player with 41 service stations and retail outlets in Luzon. It has earmarked P90-million for an expansion program in the Metro Manila and in nearby provinces.

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