MANILA -- Oil companies have announced another round of price reduction effective 6 a.m. on Tuesday.
In advisories, Petron Corp., Seaoil, PetroGazz and PTT Philippines said the price of their respective gasoline products will decline by PHP0.25 per liter and by PHP0.10 per liter for diesel.
Petron and Seaoil said it will also cut kerosene price by PHP0.25 per liter.
Diesel prices are declining for the fourth consecutive week since October 1.
However, the cut in gasoline price was a reversal after last week’s hike.
These changes reflect developments in the international oil market. (PNA)
