Oil firms announce price rollbacks for Sept. 8

OIL companies announced Monday a price rollback to take effect Tuesday morning.

They said gasoline prices would be reduced by P0.30 per liter, kerosene by P0.55 per liter and diesel by P0.45 per liter.

Pilipinas Shell, Petro Gazz, Seaoil Philippines, Cleanfuel, Petron Corp., Total Philippines, PTT Philippines said in separate advisories that their price adjustments will be implemented at 6 a.m. of September 8.

Other oil companies are expected to follow suit.

Oil firms adjust their prices every week to reflect movements in the world oil market.

As of September 1, the net decrease for gasoline reached P3.92 per liter; for diesel, P8.97 per liter; and for kerosene, P13.38 per liter.

The net decrease for liquefied petroleum gas (LPG), meanwhile, has reached P2.95 per kilogram.


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