Thursday, October 09, 2008

So, the other oil firms did follow suit. After Chevron announced their rollback, the others also implemented a P1 rollback for gasoline, diesel and kerosene, and P0.75 for E10, despite the fact that they released an announcement earlier stating that a rollback does not seem feasible this week.

But UniOil upped the ante again by announcing that they will be implement a P2 rollback for diesel and kerosene starting tommorow morning. Gasoline isn't included, though, as the price is still lower than their competitors.

Seems like UniOil has adopted a P2 price gap policy. Hopefully, this will be the key driver to lower pump prices.