After six consecutive weeks of price hike, an oil price rollback is expected this week.

According to industry players, diesel prices will have a reduction of P0.10 to P0.20 per liter; while kerosene prices will go down by P0.30 to P0.40 per liter. There will be no price movement for gasoline.

Shell, meanwhile, announced they will implement the price adjustments on Tuesday at 6:00 a.m. It is reducing its kerosene prices by P0.25 centavos per liter and diesel by P0.05 per liter. AAC

MANILA, Philippines – Pump prices of fuel products will be adjusted anew this week, oil firms announced Monday.

In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will roll back prices per liter of gasoline by P0.80, diesel by P0.85, and kerosene by P0.70 a liter.

Petro Gazz and Cleanfuel also said they will implement the same price changes.

The oil price adjustment will take effect on Tuesday, November 3.

This marks the second consecutive week of price reductions for diesel and kerosene.

Other fuel firms have yet to announce price changes for this week.

MANILA, Philippines – Local prices of petroleum products will be rolled back this week, oil companies announced.

In separate advisories, Shell Petroleum Corp., Chevron Philippines Inc. and SEAOIL Philippines said they will slash the prices of diesel by P0.45 per liter, gasoline by P0.30, and kerosene by P0.55.

Petro Gazz also announced it will implement the same price cut except for kerosene which it does not carry.

The price adjustment will take effect on Tuesday, Sept. 8.

Other oil firms have yet to make announcements for price changes this week.