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For third straight week, oil firms roll back fuel prices

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OIL firms will reduce pump prices this week to reflect movements in the world market.

They announced Monday that gasoline prices will go down by P0.80 per liter, diesel by P0.75 per liter and P0.90 per liter for kerosene.

Petron, Shell, Total, PTT, Seaoil, Caltex said they will adjust pump prices at 6 a.m. of Tuesday, August 24.

Cleanfuel, meanwhile, will implement the price rollback at 8:01 in the morning.

Other oil firms have yet to announce their price adjustments.

This is the third consecutive week of fuel price rollback.

Last week, diesel and kerosene prices went down by P0.30 per liter and P0.40 per liter, respectively.

Last August 10, they also reduced gasoline prices by P0.65 per liter, diesel by P0.70 per liter and kerosene by P0.75 per liter.

Read full article on BusinessMirror

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