Unioil gasoline stations cut its gasoline prices by P3.00 per liter at 2 p.m. Saturday and a P2.00 rollback per liter on diesel prices. Motorists flocked to Unioil gasoline stations following their “big time rollback” in the pump prices of its petroleum products.

The big rollback by Unioil prompted many motorists to fill up their fuel tanks at Unioil gasoline stations.

Motorists call for the major oil players Petron Corp., Chevron Philippines (formerly Caltex) and Pilipinas Shell Petroleum Corp. known as “Big 3” in the local oil industry, to follow the example set by Unioil.

The P2.00 price cut in diesel is a really big help for jeepney drivers.

Unioil plan to implement another price cut next week as long as the downtrend in world oil prices continues.

Unioil was able to implement a P3.00 per liter rollback because they are only maintaining a 14-day inventory as compared to their competitors. Normally, big oil players have a 60-day supply.

Unioil’s organization is also far more simple compared to major oil players. This translates to less expenses for them.

The country’s major oil players implemented Friday a P1 per liter cut in the pump prices of their petroleum products.

Unioil has more than 40 outlets in Luzon, planning further expansion for stations located in Caloocan, Las Piñas and Makati. It also has outlets in the Visayas and Mindanao.