Fuel prices set to decline amid weaker international prices

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OIL companies are rolling back the price of petroleum products this week after two straight weeks of increases.

Gasoline retail prices will decline P0.35 per liter, diesel will fall P0.55 per liter will kerosene will retreat P1.20 a liter, the companies that sent their price advisories said.

Seaoil Philippines, Inc. will be among the first to roll back prices at 12.01 a.m. on Tuesday, March 13.

“This is to reflect movements in the international petroleum market,” Seaoil said.

The rest will be cutting prices at 6 a.m. on Tuesday.

Last week, gasoline, diesel and kerosene prices moved up by P0.50, P0.30, P0.80 per liter, respectively. — Victor V. Saulon