OIL COMPANIES are cutting the prices of gasoline products this week by P0.90 per liter (/L), while slightly increasing those of diesel and kerosene. Based on their advisories, most of the companies are implementing the price adjustment at 6:00 a.m. on Tuesday, July 30. Diesel will increase by P0.15 per/L, while kerosene by P0.10/L. Ahead of them, Phoenix Petroleum Philippines, Inc. announced on Saturday a decrease in the price of gasoline by P1.00/L. It did not announce any adjustment for the other petroleum products. The company implemented the price cut at 6:00 a.m. on Sunday. Last week, oil companies cut the per liter prices of gasoline, diesel and kerosene by P0.25, P0.20 and P0.40, respectively. — Victor V. Saulon

RELATED ARTICLESMORE FROM AUTHOR