By Kris Crismundo | Philippine News Agency
Oil companies will implement another big-time rollback on pump prices on Tuesday.
In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil, and Shell said they will slash gasoline prices by P1 per liter and diesel prices by another P1.30 per liter.
Kerosene prices will also be lower by P1.65 per liter at Caltex, Seaoil, and Shell fuel stations.
This is the third consecutive week that oil firms have cut prices on petroleum products.
With the price adjustments last week, current gasoline prices in Metro Manila range from P50 to P84.32 per liter, diesel from P46.74 to P70.40 per liter, and kerosene from P68.27 to P78.79 per liter.
“Year-to-date, total adjustment of gasoline and diesel stands at a net increase of P5.85 per liter and P3.05 per liter, respectively, while kerosene has a total net decrease of P4.70 per liter,” the energy department said.