Gas prices cut by P3; diesel lower by P2.45

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Oil companies are implementing hefty price rollbacks at the pumps today.

In separate advisories yesterday, oil firms said prices would be slashed by P3.05 per liter for gasoline, P2.45 per liter for diesel and P3 per liter for kerosene.The price adjustments will take effect at 6 a.m. today for most companies, except for Caltex and Cleanfuel which implemented the price movements at 12:01 a.m.

These price adjustments resulted in a year-to-date net increase of P15.30 per liter for gasoline, P13.80 per liter for diesel and P8.94 per liter for kerosene, data from the Department of Energy showed. Gasoline prices, meanwhile, ranged from P60.15 to P87.95 per liter, depending on the RON or research octane number of the fuel.SM Markets celebrates anniversary with month-long promotions, including special offers for Tatang's WeekendSinglife launches 100-in-1 medical plan, starting at P100 a monthJoin Anne Curtis unlock magic of night portraits with vivo V29 5G

 

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