OIL companies are set to reduce prices of gasoline products by P0.70 per liter but will increase those of diesel products by an average of P0.95 per liter effective February 9 at 6 in the morning.
The movement in world diesel and gasoline prices dictated the adjustments.
Eastern Petroleum will have slashed the price of gasoline by P0.70 per liter at 6 p.m., Monday, but will raise the price of diesel by P0.95 per liter at 6 a.m., Tuesday.
Phoenix Petroleum will reduce the price of gasoline by P0.70 per liter but will increase that of diesel by P0.95 per liter.
Pilipinas Shell Petroleum will cut the price of gasoline by P0.70 per liter, diesel products by P1.05 per liter and kerosene by P0.95 per liter.