By Kris Crismundo | Philippine News Agency
An oil price rollback on Tuesday will snap six straight weeks of increase in gasoline prices.
This as Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell announced Monday that they will cut gasoline prices by P0.25 per liter and diesel prices by another P0.45 per liter.
Caltex, Seaoil, and Shell will also slash kerosene prices by P0.95 per liter.
The price rollbacks on petroleum prices on April 30 will start as early as 12:01 a.m.
Other companies are also expected to follow suit.
Data from the Department of Energy (DOE) showed that following the price adjustments last week, year-to-date prices of gasoline, diesel, and kerosene stood at a net increase of P10.25, P6.05, and P1.15 per liter, respectively.
