Diesel, kerosene prices cut

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Oil companies on Monday announced that they will lower pump prices on September 6, Tuesday.

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In separate advisories, Pilipinas Shell Petroleum Corp., Caltex, Phoenix Petroleum, Eastern Petroleum, Unioil, PTT Philippines and Flying V said they will bring down diesel prices by 50 centavos per liter.

They added there will be no price movement for gasoline.

Shell, Caltex and Flying V will also roll back kerosene prices by 35 centavos per liter.

Most of the firms will apply the price changes at 6:00 a.m., Tuesday, while, Flying V will cut prices at 12:01 of September 6.

Department of Energy oil monitor for Metro Manila shows that as of August 30, diesel prices ranged from P24.84-28.27 per liter with common price of P25; gasoline prices ranged from P35.70-42.50 with common price of P35.70; and LPG (liquefied petroleum gas) prices ranged from P392-620 in P11 per kg cylinders.

The Energy department noted that gasoline had a net increase of P2.49 per liter for the year, diesel had a net hike of P4.93 per liter and LPG remained at net decrease of P8.48 per kilogram.

Last week, oil companies implemented a price increase of 50 centavos per liter in gasoline, 15 centavos per liter in diesel and 20 centavos in kerosene.

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