AT least three oil companies on Monday said they are rolling back their pump prices across the board today.
In its text advisory, Pilipinas Shell and Petron Philippines said they will cut P0.75 per liter from the prices of their gasoline products, and P.50 per liter from diesel and kerosene prices effective Tuesday.
Phoenix Petroleum made similar adjustments on diesel and gasoline products that would take effect at 6 a.m. Other oil firms have yet to announce their respective price adjustments as of press time.
Last April, companies made about five such adjustments.
Oil firms on April 29 set price increases of P0.20 per liter for gasoline, P0.25 per liter for kerosene and P0.30 per liter for diesel.
On April 22, they implemented pump price hikes on kerosene (P0.70 per liter), gasoline and diesel (P0.55 per liter each).
Two days before the Holy Week, the price of gasoline went up by P.60 per liter and that of diesel by P.10 per liter.
However, the price of kerosene was cut by P.25 per liter.
On April 8, oil companies cut the price of diesel by P.35 per liter, kerosene by P.30 per liter and gasoline by P.15per liter.
On April 1, they added P0.50 per liter to the prices of diesel and kerosene and P0.10 per liter to that of gasoline but slashed the price of liquefied petroluem gas by P2.20 per kilogram and of autoLPG by P1.23 per liter.