The fluctuations in oil prices are always a prominent topic of discussion in the Philippines. On November 7, 2023, SHELL Philippines announced their adjustments in the prices of petroleum products, which will provide relief to the citizens and businesses in the country.
The first significant aspect of the announcement is the reduction in gasoline prices. SHELL Philippines decided to decrease its price by P0.45 per liter. This is a substantial relief for car owners and families relying on gasoline for their daily commutes. This rollback demonstrates their willingness to assist in addressing the rising transportation expenses.
For the second product, kerosene, SHELL Philippines implemented a P1.05 decrease per liter. Kerosene is crucial for areas outside urbanized regions, and the reduction in its price can help these communities. This announcement reflects their understanding of the needs of these sectors to reduce their energy costs.
The final aspect of the announcement is the P1.10 decrease in diesel prices per liter. Diesel is primarily used by businesses requiring transportation and energy for their operations. This rollback may have a positive impact on industries and businesses in the Philippines, potentially resulting in lower costs and higher profits.
Overall, these changes in prices by SHELL Philippines demonstrate their commitment to taking care of Filipinos by providing relief in oil prices. The reduction in gasoline, kerosene, and diesel prices will bring relief to the citizens and businesses in response to the economic challenges.
The price adjustment of Shell is based on the social media post by Alvin Elchico, an ABS-CBN Anchor and news reporter.
SHELL Philippines is an example of a company that recognizes the primary needs of its customers. These measures will have a positive impact not only on their customers but also on the entire Philippine economy.