Gasoline, diesel, kerosene prices down over P1/liter Tuesday

Pump prices of petroleum products will be rolled back anew on Tuesday, marking the second straight week of downward adjustments.

In separate advisories, Chevron Philippines inc. (Caltex), Flying V,  Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp said they will reduce prices per liter of gasoline by P1.50, diesel by P1.30, and kerosene by P1.40.

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

The changes will take effect at 6 a.m. on Tuesday, May 2, for all the firms, except for Caltex and Cleanfuel which will both adjust prices at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week. Refresh this page for updates.

Oil firms last week rolled back prices per liter of gasoline by P1.40, diesel by P0.70, and kerosene by P0.20.

Latest data available from the Department of Energy (DOE) indicate a year-to-date increase of P7.55 per liter for gasoline, and net decreases of P3.05 per liter for diesel and P3.55 per liter for kerosene as of April 25, 2023.—AOL, GMA Integrated News