Oil firms lower prices

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Oil companies will slash the pump prices of diesel, gasoline and kerosene on Tuesday after four weeks of consecutive price increases.

Flying V and Seaoil were the first to adjust their prices, lowering the cost of diesel by 15 centavos per liter, gasoline by 50 centavos per liter and kerosene by 35 centavos per liter at 12:01 a.m. today.

Eastern Petroleum, Caltex, Phoenix Petroleum, Pilipinas Shell and PTT Philippines said they will also reduce the price of diesel by 15 centavos per liter and gasoline by 50 centavos per liter at 6 a.m.

Caltex and Pilipinas Shell said they will lower the price of kerosene by 35 centavos per liter at 6 a.m. Tuesday.


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