Oil companies will roll back the prices of petroleum products on Tuesday, cutting the cost of diesel by 20 centavos per liter and kerosene by 30 centavos per liter. The cost of gasoline was unchanged. Chevron Philippines (Caltex) adjusted its fuel prices on Tuesday at 12:01 a.m., followed by Flying V, Petron and PTT Philippines at 6 a.m.Cleanfuel decreased its pump prices on Sunday, followed by Seaoil on Monday. Petro Gazz and Pilipinas Shell will lower their prices on TuesdayLast week, oil firms raised the price of diesel by 40 centavos per liter and kerosene by 30 centavos per liter, but slashed the cost of gasoline by 10 centavos per liter. Year-to-date adjustments stand at a net decrease of 10 centavos per liter for gasoline, and a net increase of 40 centavos per liter for diesel and 30 centavos per liter for kerosene, based on the latest data from the Department of Energy.

Source: Manila Times January 13, 2020 19:44 UTC