MANILA, Philippines – Local prices of petroleum products are set to go down this week.
In separate advisories, Chevron Philippines Inc., SEAOIL Philippines, and Pilipinas Shell Petroleum Corp. said they will slash the prices of gasoline by P0.25 per liter, diesel by P0.10 and kerosene by P0.25 a liter.
Phoenix Petroleum, TOTAL and Petro Gazz will also implement the same adjustments excluding kerosene.
The price rollback will take effect on Tuesday, October 22.
Oil firms last week increased gasoline prices by P0.25 a liter but slashed diesel and kerosene prices by P0.10 and P0.40, respectively.
Prices of Liquefied Petroleum Gas (LPG) will drop starting Monday, July 1.
In separate advisories released on Sunday (June 30), Petron Corporation and Phoenix LPG Philippines Inc. said the price of their auto LPG will go down by P1.90 per liter and cooking gas by P3.40 per kilogram.
LPG price cuts took effect at 12:01 a.m. on Monday.
Fuel firms said the adjustment is implemented to reflect the international contract price of LPG for the month of July.
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