Pump prices of petroleum products will be rolled back this week after two straight weeks of increases, equivalent to less than a tenth of the hikes so far this year.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Inc. said they will cut down prices per liter of gasoline by P0.65, diesel by P1.15, and kerosene by P1.15.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry. The changes will take effect at 6 a.m. on Tuesday, May 3, for all the firms except for Cleanfuel which will adjust prices at 8:01 a.m. the same day. The latest data available from the Department of Energy show that year-to-date adjustments stand at a net increase of P15.45 per liter for gasoline, P27.35 per liter for diesel, and P21.55 per liter for kerosene.
Data from the same agency show that prices in Metro Manila range from P66.45 per liter to P89.75 per liter for gasoline, and from P68.20 per liter to P85.20 per liter for diesel.