![Oil prices down_superimposed Petron Corp. announces it will cut prices per liter of gasoline by P1.50, diesel by P1.30, and kerosene by P1.40. PN PHOTO](https://www.panaynews.net/wp-content/uploads/2023/05/Oil-prices-down_superimposed-696x365.jpg)
PUMP prices of petroleum products will be rolled back anew today, marking the second straight week of downward adjustments.
In separate advisories, Petron Corp., Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp said they will reduce prices per liter of gasoline by P1.50, diesel by P1.30, and kerosene by P1.40.
Cleanfuel , Petro Gazz, and Phoenix Petroleum Philippines will implement the same changes, excluding kerosene which they do not carry.
The changes will take effect at 6 a.m. today for all the firms, except for Caltex and Cleanfuel which will both adjust prices at 12:01 a.m. the same day.
Oil firms last week rolled back prices per liter of gasoline by P1.40, diesel by P0.70, and kerosene by P0.20.
Latest data available from the Department of Energy indicate a year-to-date increase of P7.55 per liter for gasoline, and net decreases of P3.05 per liter for diesel and P3.55 per liter for kerosene as of April 25, 2023. (GMA Integrated News)