Price cuts extend for diesel, kerosene; gasoline up

MANILA, Philippines — Oil firms will implement another round of price adjustments on Tuesday, April 28, marking the third straight week of rollbacks following weeks of increases driven by tensions in the Middle East.

The Department of Energy said the minimum rollback for diesel is P12.94 per liter, while kerosene will be reduced by P15.71 per liter.

Gasoline prices, however, are set to increase by P0.53 per liter.

Oil companies announced the following price movements effective 6 a.m. Tuesday:

UniOil

Gasoline: P0.53 per liter (increase)
Diesel: P12.94 per liter (rollback)

Shell

Gasoline: P0.53 per liter (increase)
Diesel: P12.94 per liter (rollback)
Kerosene: P15.71 per liter (rollback)

SeaOil

Gasoline: P0.53 per liter (increase)
Diesel: P12.94 per liter (rollback)
Kerosene: P15.71 per liter (rollback)

The adjustments extend a series of rollbacks that began on April 14, after sustained price hikes since late February.