PRICES OF petroleum products are rolling back this week, with kerosene having the biggest price cut at P1.25 per liter (/L). Diesel prices will be down by P1.00/L, while gasoline will decrease by P0.70/L. Most of the oil companies that sent their price adjustment advisories as of Monday afternoon will be implementing the price changes at 6:00 a.m. on Tuesday, July 24. Unioil Petroleum Philippines, Inc. said it was cutting prices as early 2:00 p.m. on Monday. Seaoil Philippines, Inc. will adjust prices at 12:01 a.m. on Tuesday. Last week, oil companies raised the price of gasoline by P0.30/L, cut diesel by P0.15/L, while kerosene was unchanged. — Victor V. Saulon
