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Oil firms to lower prices of petroleum products by at least P2/liter on Tuesday

admin August 8, 2022

OIL firms announced another round of rollbacks of petroleum products prices tomorrow.

In an advisory, Pilipinas Shell Petroleum Corp. said it will cut down prices per liter of gasoline by P2.10, diesel by P2.20, and kerosene by P2.55.

Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, August 9, for all the firms except for Cleanfuel which will adjust prices at 8:01 a.m. the same day.

Other firms have yet to announce similar changes for the week.

Latest data available from the Department of Energy (DOE) shows that year-to-date adjustments stand at a net increase of P19.65 per liter for gasoline, P32.35 per liter for diesel, and P27.30 per liter for kerosene as of August 2, 2022. 

Tags: oil firms petroleum products rollback

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