Oil Firms Implement Price Rollbacks for 3rd Straight Week

Oil prices in the country continue its downtrend as oil firms around the country announce rollbacks for the third straight week.

Oil firms Caltex, Cleanfuel, Petro Gazz, and Seaoil said in separate advisories that their gasoline prices will go down by PHP0.85 per liter and diesel by PHP1.20 per liter.

Moreover, oil firms Caltex and Seaoil also announced a rollback in their kerosene prices by PHP1.30 per liter.

Other oil firms in the country are expected to make their own rollbacks.

The adjustments in oil prices for this week marks the third week of consecutive oil price reductions in the country.

Year-to-date price for gasoline currently stands at PHP20.05 per liter, diesel at PHP17.50 per liter, while kerosene is currently at PHP15.09 per liter. (GFB)