Motorists will get a slight reprieve starting Tuesday, as oil firms are set to roll back pump prices of petroleum products after three straight weeks of increases for both gasoline and kerosene.
In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will cut down prices per liter of gasoline by P1.40, diesel by P0.70, and kerosene by P0.20.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which it does not carry. The changes will take effect at 6 a.m. on Tuesday, April 25, for all the firms except for Cleanfuel which will adjust prices at 12:01 a.m. the same day.Members and partners of the Organization of the Petroleum Exporting Countries earlier this month announced a production cut of 1.16 million barrels per day, which they said aims to support the
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