MOTORISTS will be greeted with lower pump prices of petroleum products this week. Firms yesterday announced a downward adjustment effective today.
In separate advisories, Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will roll back prices per liter of gasoline by P0.45, diesel by P1.10 and kerosene by P1.05.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.
The adjustments will take effect at 6 a.m. today for all the firms except for Cleanfuel, which will adjust prices at 12:01 a.m. the same day.
Firms last week hiked prices per liter of gasoline by P0.45, while reducing diesel by P1.25 and kerosene by P1.20.
Latest data available from the Department of Energy (DOE) indicate year-to-date net increases of P14.20 per liter for gasoline, P10.45 per liter for diesel, and P5.04 per liter for kerosene as of Oct. 31, 2023. (GMA Integrated News)
