Pump prices of petroleum products will be rolled back this week, following the increases implemented by oil firms last Tuesday.
In an advisory, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will reduce prices per liter of gasoline by P0.70, diesel by P1.30, and kerosene by P1.80.The changes will take effect at 6 a.m. on Tuesday, February 28, for all the firms except for Cleanfuel which will adjust prices at 12:01 a.m. the same day.per liter of gasoline by P0.90 and diesel by P1.05, while rolling back kerosene by P0.25.
Latest data available from the Department of Energy show that year-to-date net decreases stood at P1.10 per liter for diesel and P0.50 per liter for kerosene, and a net increase of P6.00 per liter for gasoline as of February 21, 2023.
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