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MANILA – Industry players will again roll back oil prices on Tuesday morning.
In separate advisories, Caltex, Cleanfuel, Petro Gazz, PTT Philippines, Seaoil, and Shell said they will cut gasoline prices by PHP0.10 per liter and PHP1.05 per liter for diesel.
Caltex, Seaoil, and Shell will also slash kerosene prices by PHP0.45 per liter.
Diesel and kerosene prices have gone down for five straight weeks.
For this year, petroleum prices recorded net increases of PHP27.50 per liter for gasoline, PHP37.35 per liter for diesel, and PHP30.80 per liter for kerosene.
Dubai crude oil price closed last Friday lower by 1.73 percent to USD96.48 per barrel than the previous day.
On Monday, both Brent and West Texas Intermediate fell by USD1.78 per barrel amid weak economic data from China. (PNA)
