Business and Economy
Oil firms to implement big-time price rollback Tuesday
Caltex, Seaoil and Shell will also slash kerosene prices by PHP1.30 per liter. (PNA file photo by Ben Briones)
MANILA – Oil companies will implement rollback on petroleum prices for as much as PHP1.30 per liter starting 12:01 a.m. of June 11.
In separate advisories Monday, Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Shell, Seaoil, and Unioil said they will reduce gasoline prices by PHP0.60 per liter, and diesel prices by PHP1.20 per liter.
Caltex, Seaoil and Shell will also slash kerosene prices by PHP1.30 per liter.
Last week, oil firms had mixed adjustments in fuel prices.
“Year-to-date, total adjustment of gasoline and diesel stand at net increase of PHP6.65 per liter and PHP5.45 per liter, respectively. Kerosene, on the other hand, has a net decrease of PHP0.25 per liter,” the Department of Energy said.
As of June 4, gasoline prices in Metro Manila are between PHP54 and PHP85.12 per liter; diesel prices from PHP52 to PHP81.
25 per liter; and kerosene prices by PHP71.90 to PHP84.40 per liter.
