Gasoline prices down for second straight week

Motorists will be greeted with lower pump prices of petroleum products on Tuesday, marking the second consecutive week of cuts for gasoline and third straight for both diesel and kerosene.

In separate advisories, Chevron Philippines Inc. (Caltex), Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. said they will roll back prices per liter of gasoline by P0.85, diesel by P1.30, and kerosene by P1.90.

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

The adjustments will take effect at 6 a.m. on Tuesday, March 28, 2023, for Shell and at 12:01 a.m. the same day for both Caltex and Cleanfuel.

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

Oil firms last week rolled back prices per liter of gasoline by P1.20, diesel by P1.85, and kerosene by P2.00.

Latest data available from the Department of Energy (DOE) indicates a year-to-date net increase of P5.50 per liter for gasoline and net decreases of P2.85 per liter for diesel and P3.65 per liter for kerosene as of March 21, 2023. —VAL, GMA Integrated News