Diesel and Kerosene Prices Drop Slightly on March 18

Diesel and Kerosene Prices Drop Slightly on March 18

Oil firms are set to lower diesel and kerosene prices on March 18, while gasoline prices will remain unchanged.

According to separate advisories from Caltex, Cleanfuel, Jetti, Petro Gazz, PTT, Seaoil, and Shell, diesel prices will drop by PHP 0.20 per liter. Meanwhile, Caltex, Seaoil, and Shell will implement a PHP 0.40 per liter rollback on kerosene.

This marks the third consecutive week of price reductions for fuel products. The Department of Energy noted that gasoline and diesel have recorded net increases of PHP 2.15 and PHP 3.05 per liter, respectively, since the start of the year. In contrast, kerosene has seen a net decrease of PHP 0.30 per liter.

The strengthening of the Philippine peso against the US dollar has contributed to lower fuel importation costs. Other industry players have yet to confirm their price adjustments.

The new prices will take effect at 6:00 a.m. on Tuesday, March 18. (ASC)