Oil companies will be rolling back the cost of petroleum products this week to reflect the movement of prices in the international market.
Kerosene will have the biggest price cut at P0.60 per liter, with prices of both gasoline and diesel dropping by P0.30 a liter, companies that sent their advisories on Monday said.
Seaoil will be among the first to cut prices at 12.01 a.m. on Tuesday, May 8. Most will be rolling back prices at 6:00 a.m. on Tuesday.
Last week, gasoline, diesel and kerosene prices rose by P0.85, P0.70 and P0.70 per liter, respectively. — Victor V. Saulon