Petron Corp. said Saturday it will reduce pump prices for diesel at P1.45 per liter and gasoline by 70 centavos per liter on Sunday.
The oil company said the price adjustments will take effect at 12:01 a.m. on August 30.
Petron will also slash the price of its kerosene products by 90 centavos per liter.
As of August 25, data from the Energy department said the prevailing prices of gasoline range from P36.85 to P42.45 per liter.
Diesel, on the other hand, has a pre¬-vailing price of P23.80 to P27.47 per liter.
Last week, oil companies also cut the price of gasoline by P1.10 per liter, diesel by 40 centavos per liter and kerosene by 25 centavos per liter.