OIL PRICE adjustments will be mixed this week as companies announced a price rollback for diesel and kerosene and an increase for gasoline. Prices of gasoline products will increase by P0.25 per liter (/L), while those of diesel and kerosene will decrease by P0.40/L and P0.35/L, respectively. The price adjustment follows the movement of prices in the international market.
Most companies that sent their advisories as of Monday afternoon advised that the price changes would take effect at 6:00 a.m. Today, July 9.
Last week, the per liter prices of gasoline, diesel and kerosene rose by P1.20, P0.95 and P1.00, respectively. — Victor V. Saulon