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Firms cut over ₱1 per liter in oil prices

A motorist gasses up at a local pump station in Metro Manila. (NewsWatch Plus/File

Metro Manila, Philippines — Oil firms are set to implement a price rollback for fuel products this week.

In separate advisories, Seaoil and Cleanfuel said they will cut per-liter prices of diesel by ₱1.90 and gasoline by ₱1.15.

Seaoil also said it will reduce kerosene prices by ₱1.85 per liter.

According to the Department of Energy, the year-to-date total adjustment of gasoline and diesel stands at a net increase of ₱8.05 per liter and ₱5.95 per liter, respectively. Kerosene has a total net decrease of ₱2.15 per liter.