AFTER nine consecutive weeks of oil price increases, pump prices are going down starting Tuesday.
Oil firms said Monday they will reduce gasoline prices by P0.75 per liter, diesel by P0.60 per liter and kerosene by P0.60 per liter.
The price adjustment takes effect at 6 a.m. on July 27 for Seaoil, PTT, Total, Caltex, Shell and Petron.
Cleanfuel said it will adjust its prices at 8:01 am of Tuesday. Oil firms adjust their pump prices weekly to reflect movements in the world oil market.
As of last week’s oil price hike, the year-to-date price adjustments stand at a total net increase of P13.5 per liter for gasoline, P10.60 per liter for diesel and P9 per liter for kerosene.
Image credits: Alysa Salen