Gasoline, diesel, kerosene prices down Tuesday

Pump prices of petroleum products will be rolled back anew this week, as oil firms announced another round of rollbacks effective Tuesday.

In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will reduce prices per liter of gasoline by P0.10, diesel by P1.05, and kerosene by P0.45.

Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., and Unioil Petroleum Philippines Inc. will implement the same adjustments, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, August 16, for all the firms except for Caltex which will adjust prices at 12:01 a.m. and Cleanfuel at 8:01 a.m. of the same day.

Other firms have yet to make similar announcements for the week.

Latest data available from the Department of Energy (DOE) show that the year-to-date total adjustments stand at a net increase of P17.55 per liter for gasoline, P30.15 per liter for diesel, and P24.75 per liter for kerosene as of August 9, 2022. — RSJ/AOL, GMA News