Firms to cut gasoline, kerosene prices this week

Metro Manila, Philippines - Oil companies said on Monday, April 7, they will carry out a slight price cut on fuel products this week.

Beginning Tuesday, Cleanfuel and Seaoil said they will reduce per-liter prices of gasoline by P0.10, while diesel prices will be unchanged.

Seaoil will reduce per-liter prices of kerosene by P0.50.

This week’s movement followed two consecutive rounds of price increases.

Gasoline and diesel prices have net increases of P4.55 and P4.45 per liter, respectively, and kerosene at P0.40 per liter year-to-date.