Oil firms on Monday announced a rollback in pump prices of petroleum products, marking the second straight week of price cuts.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will reduce prices per liter of gasoline by P0.90 and kerosene by P0.10, while keeping diesel prices unchanged.
Cleanfuel will implement the same changes for gasoline, but will not implement the same for kerosene which it does not carry.
The changes will take effect at 6 a.m. on Tuesday, November 16 for all the firms, except for Cleanfuel which will adjust prices at 8:01 a.m. the same day.
The latest data available from the Department of Energy (DOE) show that year-to-date adjustments stand at a total net increase of P20.95 per liter for gasoline, P17.50 per liter for diesel, and P15.09 per liter for kerosene. — Jon Viktor D. Cabuenas/RSJ, GMA News
Gasoline, kerosene prices down for second straight week
Source: News Panda Philippines
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