Oil firms will slash prices of petroleum products starting Tuesday morning.
Gasoline prices will be reduced by P0.25 per liter and kerosene by P10.10 per liter. There will be no change in diesel prices.
Pilipinas Shell, Phoenix Petroleum, PTT Philippines, Total Philippines, Petron Corp., Seaoil Philippines said they will implement their respective price adjustments at 6 a.m. of April 13.
Cleanfuel will implement its price rollback at 8:01 a.m.
Other oil firms are expected to implement the same price reduction.
Last week, oil firms raised fuel prices by P0.65 per liter of gasoline, P0.05 per liter of diesel and kerosene by P0.05 per liter.
They adjust their pump prices every week to reflect movements in the world oil market.
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