MANILA – Oil firms will roll back prices of gasoline and kerosene starting Tuesday morning.
In separate advisories, Caltex, Cleanfuel, Petro Gazz, Petron, Phoenix Petroleum, PTT Philippines, Seaoil, Shell, and Unioil said they will cut gasoline prices by PHP0.25 per liter.
Caltex, Petron, Seaoil, and Shell will also slash kerosene prices by PHP0.10 per liter.
There will be no movement in the prices of diesel this week.
The Department of Energy (DOE) oil monitor bulletin shows that year-to-date adjustments in gasoline prices had a net increase of PHP6.80 per liter, PHP4.65 per liter for diesel, and PHP3.55 per liter for kerosene.
In world oil prices trading between March 29 and April 2, Dubai crude increased USD0.60 per barrel week-on-week while Means of Platts Singapore (MOPS) price for gasoline went up by USD2 per barrel and diesel by USD0.25 per barrel. (PNA)