OIL companies will cut prices of gasoline and kerosene this week, but will retain the price of diesel.
Flying V and Seaoil said they would reduce the prices of gasoline and kerosene by 25 centavos per liter and 15 centavos per liter, respectively, effective at 12:01 a.m. on Tuesday.
Eastern Petroleum, Phoenix Petroleum, PTT Philippines, and Pilipinas Shell said they would lower the price of gasoline by 25 centavos per liter, effective at 6 a.m.
Pilipinas Shell will decrease the price of kerosene by 15 centavos per liter, also effective at 6 a.m. on Tuesday. JORDEENE SHEEX LAGARE