Oil companies are rolling back the price of petroleum products this week after two straight weeks of increases.
Gasoline will be reduced by P0.35 per liter, diesel will be down by P0.55 per liter and kerosene will decrease by a hefty P1.20 a liter, the companies that sent their advisories said.
Seaoil Philippines, Inc. will be among the first to roll back prices at 12.01 a.m. on Tuesday, March 13.
“This is to reflect movements in the international petroleum market,” Seaoil said.
The rest will be cutting prices at 6:00 a.m. on Tuesday.
Last week, gasoline, diesel and kerosene prices moved up by P0.50, P0.30, P0.80 per liter, respectively. — Victor V. Saulon