Gasoline prices down; diesel and kerosene up Tuesday

Pump prices of gasoline will be rolled back for the second straight week on Tuesday, while those of diesel and kerosene will be hiked.

In separate advisories, Chevron Philippines Inc. (Chevron), Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will reduce prices per liter of gasoline by P0.20, while hiking diesel by P0.20 and kerosene by P0.40.

Changes in kerosene will not take place in Cavite and Camarines Sur, where a price freeze is in effect.

Petro Gazz, PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will implement the same changes excluding kerosene which they do not carry, while Cleanfuel will only adjust prices of gasoline.

The adjustments will take effect 6 a.m. on Tuesday, November 10 for all firms except Cleanfuel which will apply the changes 8:01 a.m. and Chevron at 12:01 a.m. the same day. Other firms have yet to make similar announcements.

Latest data available from the Department of Energy (DOE) show that total year-to-date adjustments stand at a net decrease of P5.47 per liter for gasoline, P11.11 per liter for diesel, and P14.29 per liter for kerosene. — RSJ, GMA News