Oil firms roll back prices Tuesday after 5 consecutive hikes

This is the first rollback after five consecutive weeks of price increases. (Pixabay Photo, CC0)

MANILA — Due to price movements in the international petroleum market, consumers can expect a decrease in fuel pump prices on Tuesday.

Beginning at midnight of November 21, SEAOIL and Flying V will implement a PHP0.50 price drop per liter of gasoline, PHP0.15 cut per liter of diesel, and PHP0.35 drop per liter of kerosene.

Shell Pilipinas and PTT Philippines will implement a similar price rollback at 6 a.m. on Tuesday.

This is the first rollback after five consecutive weeks of price increases.