Oil price rollback set Apr. 30

MIXED PRICES. An attendant fills up a car fuel tank at a gasoline station in Quezon City in this photo taken on April 22, 2024. Oil companies will cut petroleum prices by April 30, with gasoline prices down by P0.25 per liter, diesel prices slashed by P0.55 per liter, and kerosene prices cut by P0.95 per liter. (PNA photo by Ben Briones)

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.

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