Oil firms are set to roll back the pump prices of petroleum products on Tuesday, marking the second straight week of downward adjustments for diesel and kerosene.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will reduce prices per liter of gasoline by P1.20, diesel by P1.85, and kerosene by P2.00.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry. The changes will take effect at 6 a.m. on Tuesday, March 21, for all the firms except for Cleanfuel which will adjust prices at 12:01 a.m. the same day.Latest data available from the Department of Energy indicate a year-to-date net decrease of P1.00 per liter for diesel and P1.65 per liter for kerosene, and a net increase of P1.00 per liter for gasoline as of March 14, 2022.
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