Year-to-date adjustments stand at a net increase of P6.41 per liter for gasoline, P5.22 per liter for diesel and P2.76 per liter for kerosene.
Industry players are poised to slash the cost of petroleum prices by up to P1.15 for the second consecutive week.
In an advisory on Monday, Chevron Philippines Inc., owner of the Caltex brand, said it will implement on Tuesday at 12 a.m. a P1.15-decrease for every liter of kerosene, P1.00 for diesel, and 80 centavos for gasoline.
Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc., will slash prices of kerosene, diesel, and gasoline, by P1.15, P1.00, and 80 centavos, respectively, effective 6 a.m. on Tuesday.
Meanwhile, PTT Philippines and Petro Gazz said they will roll back gasoline prices by 80 centavos and diesel by P1 per liter, also on Tuesday at 6 a.m.
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Oil firms Phoenix Petroleum Philippines Inc. and Cleanfuel owner Shaw Autogas Inc. have imposed a rollback of P1 for diesel and 80 centavos for gasoline over the weekend.
On Friday, West Texas Intermediate inched up by 0.06 percent or by $0.03 to $52.84 per barrel. Meanwhile, Brent Crude dipped by 0.09 percent or by $0.05 to finish at $58.32 per barrel.
Locally, year-to-date adjustments stand at a net increase of P6.41 per liter for gasoline, P5.22 per liter for diesel and P2.76 per liter for kerosene.
