Oil firms cut down diesel by nearly P4/L

Oil prices continue to roll back as companies started slashing more than P3 per liter on diesel today.

Based on their respective advisories Monday, Caltex, Cleanfuel, Petron, Seaoil, and Unioil will reduce the price of diesel by P3.40 per liter.

Apart from that, the aforementioned firms are set to implement a rollback on the prices of gasoline products by P1.70 per liter.

Further, local oil players shall cut down the pump price of kerosene by P4.40 per liter.

Other firms are expected to implement the same adjustment, which started as of 12:01 a.m. today.

Last week, fuel companies dropped P1.90 per liter on the retail price of diesel, P1.95 per liter on gasoline, and P1.65 on kerosene.

Photos from Ruben D. Manahan IV

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