Oil companies are rolling back the cost of petroleum products this week, although at a rate lower than the price increases in recent weeks.
Gasoline and diesel products will both be cheaper by P0.10 per liter, while kerosene prices will be lower by P0.25 per liter.
Seaoil Philippines, Inc. will be among the first to cut prices at 12:01 a.m. on Tuesday, Aug. 7. Most oil companies will be reducing prices at 6:00 a.m. tomorrow.
The reduction this week follows last month’s almost weekly price increases, which peaked at P1.15 per liter for gasoline last Tuesday. Diesel and kerosene prices also rose significantly last week at P0.95 and P0.85 per liter, respectively.
Meanwhile, Petron Corp. said it is now accepting the Pantawid Pasada Card distributed by the Department of Transportation and Department of Energy in 740 service stations nationwide.
It said the stations are marked with a Pantawid Pasada Program signage and are along high-traffic transport routes. Public utility jeepney drivers just need to present their cards to any service station attendant for proper identification and validation before fueling up with diesel. — Victor V. Saulon