Oil companies will roll back the prices of petroleum products this week, with gasoline having the biggest cut at P1.15 per liter.
Diesel will be down by P0.90 per liter while kerosene by P0.85 per liter, the retailers that sent their advisories as of Monday afternoon said.
Among them, Seaoil Philippines, Inc. will be the first to impose the rollback at 12:01 a.m. on Tuesday, June 26. Most of the companies will implement the price adjustment at 6:00 a.m. on Tuesday.
“This is to reflect movements in the international petroleum market,” Seaoil said.
Last week, oil companies raised the price of gasoline by P0.20 per liter, and the price of diesel and kerosene each by P0.45 a liter. — Victor V. Saulon