Oil firms to cut down at least P2/L on diesel, kerosene on Valentine's Day

While the price of flowers expected to reach its peak tomorrow (Valentine's Day), oil players in the Philippines have a highly-welcomed gift to motorists: a price rollback for this week.

Based on their respective announcements, Caltex, Cleanfuel, Petron, Seaoil, and Total will reduce the price of diesel by P2.20 per liter this week. They will not implement any adjustment on the pump price on gasoline products.

Meanwhile, many of the aforementioned companies are set to cut down the retail price of kerosene by P2.50 per liter.

Other oil firms are expected to follow the same movement.

The change in the prices for the week will start at 12:01 a.m. on Tuesday (February 14).

Last week, firms reduced the price of gasoline products by P2.10 per liter, diesel by P3 per liter and kerosene by P2.30 per liter.

Photos from Ruben D. Manahan IV

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