MANILA – Oil firms will slash prices of gasoline but will increase those of diesel starting Tuesday morning.
In separate advisories, Cleanfuel, Petro Gazz, and Seaoil said they will roll back gasoline prices by PHP0.20 per liter.
Except for Cleanfuel, they will increase diesel prices by PHP0.20 per liter.
There will be no movement in prices of kerosene this week.
Other oil companies are expected to implement the same price adjustments.
Last week, oil firms hiked fuel prices for the fourth straight week.
The adjustments made year-to-date on the price for gasoline increased by PHP8.55 per liter, PHP6.75-per-liter increment for diesel, and PHP6-per-liter hike on kerosene products. (PNA)
