March 21, 2023
MANILA – Motorists are in for a treat this week, as pump prices of gasoline, diesel and kerosene will be rolled back by as much as P2 per liter starting Tuesday, March 21.
The following companies will be implementing price cuts on March 21:
Seaoil (6 a.m.)
Gasoline (-P1.20/L)
Diesel (-P1.85/L)
Shell (6 a.m.):
Gasoline (-P1.20/L)
Diesel (-P1.85/L)
Kerosene (-P2/L)
Cleanfuel (12:01 a.m.)
Gasoline (-P1.20/L)
Diesel (-P1.85/L)
Petro Gazz (6 a.m.)
Gasoline (-P1.20/L)
Diesel (-P1.85/L)
This comes a week after the prices of diesel and kerosene declined by P0.1 per liter and P0.60 per liter, respectively. The price of gasoline, meanwhile, jumped by P1 per liter last week.
The adjustments, according to the Department of Energy, resulted in a year-to-date net decrease of P1 per liter in the price of diesel and P0.60 per liter for kerosene.
Local oil prices are anchored on the Mean of Platts Singapore (MOPS), which is widely used in Asia-Pacific markets because Singapore is a major hub for oil trading and refining in the region.