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Major fuel pump price rollback set Tuesday


Motorists will be greeted with cheaper prices of petroleum products on Tuesday, as oil firms on Monday announced another round of rollbacks to mark the fourth straight week of decreases in all gasoline, diesel, and kerosene prices.

In separate advisories, Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will cut down prices per liter of gasoline by P1.70, diesel by P3.40, and kerosene by P4.40.

Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., and PTT Philippines Corp., will implement the same changes, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, December 13, for all the firms except for Cleanfuel which will adjust prices at 8:01 a.m., and Caltex at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week.

Latest data available from the Department of Energy show that year-to-date adjustments stood at a net increase of P17.75 per liter for gasoline, P33.85 per liter for diesel, and P27.85 per liter for kerosene as of November 22, 2022. — KG/RSJ, GMA Integrated News

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