Hiking tips

Discount Tips Amid Rising Oil Prices

This photo from March 7, 2022 shows personnel preparing to pump diesel at a gas station in Manila. (The STAR/Miguel de Guzman)

A Facebook page that monitors fuel price changes has got some clever and humorous tips for cutting fuel costs amid soaring market prices.

The page called PH fuel watch on March 9, asked its followers called “watchers” for suggestions on how they get discounts for their fuel expenses.

“Hello watchers, bigay naman kayo ng tips kung paano makadiscount on your fuel expenses, share your comments below. Pwedeng creative ways din basta legal, the post read.

He also added examples of creative ways to earn rebates for their fuel needs.

At the time of writing, the post has since garnered 1,000 reactions, 201 comments and 79 shares.

The comments section, meanwhile, was a gold mine for those looking for practical suggestions and witty banter.

Some have advised using rewards points earned from previous fuel purchases from oil companies such as Shell, S&R and UniOil. They set up loyalty programs.

Others also suggested using bank credit card discounts.

“Shell go plus – mas malaki ma-earn SMAC kesa points minus 1.50 pesos per year per litre”, a Facebook user noted.

“Pwede po gumamit NG save plus sa mga Caltex stations for maka discount. 1 peso discount for diesel and 2 peso discount for petrol,” another Facebook user noted.

“Avail Petron Loyalty Card”, another Facebook user commented.

Several motorists have promoted the use of a application called PriceLOCQa platform that helps users manage their fuel budget.

“Cash out on LOCQ price on SeaOil using BDO credit card. Or, use latest Unioil card with S&R card, then pay with BDO credit card. 5% discount on essentials and BDO cards. That’s about ₱3+ savings per litre,” a Facebook user suggested.

“PriceLOCQ app for SeaOil, bought about 100 liters at 58/litre. Safe saver and no need to queue or have to refuel before the ride. Planning is key,” another Facebook user share.

Some motorists also encourage the use of other modes of transport such as public transport, cycling and even walking if possible.

“It is time to use our public rail lines and our rapid bus lines. My wife and I had a brief chat about how we plan to pick up and drop off (each other) at our nearest stations to save on the cost of fuel,” a user of Facebook noted.

“Important kung di naman or kung kaya namang lakarin, wag ng gumamit ng kotse. Other than that, bumili ako e-trike to play grocery store. Laking tipid dahil di naman magastos sa kuryente”, another online user suggested.

“From the bike to the office ka na lang. Naka-tulong ka na sa environment. Nakapag exercise ka pa”, another Facebook user commented.

There were also users who jokingly suggested befriending the Olympic gold medalist Hidilyn Diaz which previously received a lifetime oil supply from Phoenix Petroleum Philippines, Inc.

Diaz pocketed tens of millions in cash prizes after his historic victory. She has also received many perks and other offers from different brands and companies.

READ: Hidilyn Diaz Card: Buffet, Pares, Mattresses and Other Fancy Perks for the Champion

Some Filipinos have instead been encouraged to reduce their spending habits.

What are the current oil prices?

Based on reports, Energy Secretary Alfonso Cusi noted that the current price at the pump was 69.28 pesos as of March 7.

Representative Joey Salceda (Albay 2nd District), however, said on Wednesday that petrol prices could rise by around ₱11.1 per liter next week.

According to PH Fuel Watch, Mean of Platts Singapore (MOPS), the benchmark for local petroleum products, fuel price estimates “are on the rise again.”

“Another price increase for next week is likely imminent,” the Facebook page said.

“As of March 9, 2022, price estimates for next Tuesday, March 15, 2022

Diesel +14.97P

Gas + P8.30,” he added.

The page, however, clarified that the price is “subject to change based on global market trends.”

Prices in the global oil market surged following Russia’s invasion of neighboring Ukraine, affecting many countries around the world, including the Philippines.

UBS analyst Giovanni Staunovo said earlier that Russia was the world’s third-largest oil producer and second-largest oil exporter.

READ: Analysis: Want lower oil prices? First you need higher