Price rollback for diesel, kerosene; gasoline steady

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FOR THE second straight week, oil companies are keeping gasoline prices unchanged after the reduction three weeks ago. Diesel and kerosene prices, meanwhile, will both be down by P0.30 per liter (/L). “This is to reflect movements in the international petroleum market,” said Seaoil Philippines, Inc., which will roll back prices at 12:01 a.m. on Tuesday, Dec. 5. Other companies will be implementing the price cut at 6:00 a.m today. Last week, the prices of diesel and kerosene rose by P0.35/L and P0.25/L, respectively. Gasoline prices were unchanged last week after a P0.50/L reduction on Nov. 21. — Victor V. Saulon