Prices of diesel, gasoline, and kerosene drop by 10 to 20 centavos per liter this week. concept news central
Motorists now enjoy lower petroleum prices anew after the first batch of industry players announced a slight downward adjustment for the second consecutive week.
Cleanfuel kicked off the downward adjustment on Sunday, 1 September, slashing the price per liter of diesel by as much as 20 centavos and for gasoline by 10 centavos.
Seaoil also announced a rollback of 10 centavos in gasoline and diesel costs, and by 15 centavos for kerosene, while Petrogazz will implement a 10-centavo cut in diesel and gasoline prices.
Seaoil applies the rollback effective 6am today, 2 September, while Petrogazz’s adjustment will take effect at 6am on 3 September.
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Pilipinas Shell, meanwhile, executes a 10-centavo reduction in the cost of gasoline and diesel and by 15 centavos for kerosene.
The rollbacks reflect movements in the international market. On Friday, West Texas Intermediate crude oil prices declined by 2.84 percent or $1.61 to $55.10 per barrel, while Brent Crude dropped by 2.05 percent or $1.24 to $59.25 per barrel.
Year-to-date adjustments stand as a net increase of P4.75/liter for gasoline, P3.35/liter for diesel and P1.40/liter for kerosene.
