Manila: Oil firms will implement a minimal price rollback on Tuesday.
According to Philippines News Agency, in separate advisories, Caltex, Cleanfuel, Petro Gazz, Seaoil, and Shell announced they would cut gasoline and diesel prices by 10 centavos per liter. Additionally, Caltex, Seaoil, and Shell will reduce kerosene prices by 30 centavos.
Other oil firms are expected to follow suit with similar price adjustments. This move marks the third consecutive week of price cuts for diesel and kerosene, reflecting a consistent downward trend.
Currently, gasoline prices in Metro Manila range from PHP52 to PHP77.97 per liter. Diesel prices vary between PHP51 and PHP74.70 per liter, while kerosene prices are between PHP72.84 and PHP84.10 per liter.