Motorists will enjoy lower petroleum prices anew as industry players announced as much as P1.5 reduction for this week, following a hefty increase last week.
In separate advisories over the weekend, Seaoil said it will cut gasoline prices by P1.45 per liter, diesel by 60 centavos, and kerosene by P1, effective 6 a.m. today, Monday.
Both Shell and Petro Gazz will cut by 6 a.m. on 1 October, Tuesday, the price of gasoline by P1.55 and diesel by 50 centavos.
Meanwhile, Phoenix Petroleum and Cleanfuel implemented earlier a rollback of P1.50 in gasoline prices and 50 centavos for diesel on Sunday.
The adjustments reflect the movement of the international market.
Three decades after the Marcopper mining disaster devastated Marinduque’s waterways, the province is again pressing the…
Housing is probably the biggest issue affecting people the world over.
Malacañang on Monday called for a more thorough investigation into the questioned flood control projects in Taguig…
The defense on Monday backed the move by senator-judges to exclude a prosecution witness who testified on the firearms…
On Friday, West Texas Intermediate crude dropped by 0.89 percent or $0.50 to $55.91 per barrel, while Brent crude declined by 1.32 percent or $0.83 to $61.91 per barrel.
Last week, industry players hiked the price of gasoline by P2.35 per liter, diesel by P1.80 per liter, and kerosene by P1.75 per liter, over fears of a supply cut following a drone attack on Saudi Arabia’s two largest oil-producing plants.
In the Philippines, year-to-date adjustments stand at a net increase of P7.86 per liter for gasoline, P5.82 per liter for diesel and P3.76 per liter for kerosene.
