MANILA – Motorists are in for lower prices of petroleum products this week, after three consecutive weeks of increases.
In separate advisories on Monday, SEAOIL Philippines Inc., Chevron Philippines Inc. (Caltex), and Pilipinas Shell Petroleum Corp., announced a rollback in prices per liter of gasoline by P0.70, diesel by P1.00, and kerosene by P1.25.
Petro Gazz, PTT Philippines Corp., Unioil Petroleum Philippines Inc., and Phoenix Petroleum Philippines Inc. are implementing the same adjustments excluding for kerosene.
SEAOIL is implementing the adjustments 12:01 a.m. on Tuesday, July 24, while the rest of the companies are changing pump prices at 6:00 a.m. the same day. Other companies have yet to announce any fuel price change for the week.
Unioil said it is implementing the changes at 2:00 p.m. on Monday, July 23.
According to data from the Department of Energy, the prices per liter of diesel presently range from P40.70 to P46.50, and gasoline from P48.35 to P59.62. (GMA News)
