Oil companies announced yesterday mixed price adjustment effective today, which follows through last week’s rollback on gasoline products.
This week’s movement on pump will include a price rollback on gasoline products worth P0.35 per liter and increases of P0.25 per liter on kerosene.
The uniform adjustments will be implemented by oil Petron Corp at 6 a.m. as well as Shell Pilipinas and Chevron Philipines at 12.01 am.
The companies also said there is no movement in diesel.
Petron, in its price advisory said the price adjustment “reflects movements in the international oil market."
On July 27, oil companies implemented a price adjustment which included a price rollback on gasoline products by P1.70 per liter, and diesel by P0.25.
Seaoil Philippines Inc., meanwhile, will reduce the price of its gasoline products but hike the price of its kerosene also today.
In an advisory, the oil company said price of its Extreme 97, Extreme 95, and Extreme U will decline by P0.35 per liter at 6 a.m.
However, price of its kerosene will increase by P0.25 per liter during the same time.
Meanwhile, the rate of the Exceed Diesel will not be changed.
''This is to reflect price movements in the international petroleum market,'' the statement added.
PTT Philippines Corp., on the other hand, will roll back the prices of its gasoline products by P0.35 per liter effective 6 a.m. today.*PNA