Fuel companies to cut gasoline, bump up diesel, kerosene pump prices
Price adjustment sees 4th rollback for gasoline products
MANILA: Fuel companies will cut down the cost of gasoline this week while bumping up the price of diesel and kerosene.
KEY TAKEAWAYS
By how much will fuel companies adjust the price of gasoline this week?
According to Petron and Sea Oil, the price of gasoline will increase to P0.25 per liter this week.When will the price adjustment take effect?
The price adjustment will take effect by 6:00 a.m. tomorrow.According to their respective advisories, Cleanfuel, Petron, and Seaoil will reduce the price of gasoline by P0.10 per liter while the said firms will increase the amount of diesel by P0.25 per liter and kerosene by P0.30 per liter.
The movements in pricing, which other companies are expected to follow will take effect tomorrow, May 21, at 6:00 a.m.
Last week, gas prices went down by P2 per liter, diesel by P0.50 per liter, and kerosene by P0.85 per liter.
Photos from Ruben Manahan IV
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