Unioil Philippines announced Thursday a P1 per liter rollback on its gasoline products, marking its second price slash in a span of eight days.

“We would like to inform you that Unioil will have a price rollback on unleaded and quantum products, P1 per liter VAT (value-added tax) inclusive,” Leah Flor, Unioil Corporate Communications Officer, said in a text message to the Manila Bulletin/Tempo.

The adjustment took effect at 2:01 p.m. Thursday, added Flor.

Unioil’s suggested retail price (SRP) would now be as follows: diesel, P35.65; gasoline (unleaded) P41.89; regular gas, P43.61; E10, P43.09; Quantum, P43.39 and kerosene, P47.25.

Last Monday, the so-called “Big Three” composed of Pilipinas Shell, Petron Corp., Chevron Philippines (formerly Caltex) and a slew of small oil players cut their pump prices, specifically P1 on diesel, regular gas and kerosene and another P1.25 on premium and unleaded gas.

Unioil had earlier cut its prices last May 12 when it shed P0.75 a liter on all its gasoline products and P0.25 a liter on diesel. Only Unioil enforced a rollback on pump or any price tweak at all during that week.

All the other oil companies’ previous adjustment was a P0.50 per liter hike on diesel, gasoline and kerosene during the first week of May.

Thanks to the company’s successive rollbacks the past few days, Unioil could still lay claim to having the cheapest fuel prices in Metro Manila. “There’s a P3 to P5 difference between our prices and that of other players,” Flor said.

She particularly pointed out that other oil firms’ unleaded gas – the cheapest gas variant – is at P44.75 a liter while that of Unioil’s is P41.89 a liter.

Unioil, a Filipino-owned company, has around 40 retail branches in Luzon.