More companies announce rollback of gasoline, diesel, kerosene

This image is about rollback of gasoline, diesel, kerosene

This week, following the big-time walk last week, more companies announced a rollback in pump prices of petroleum products.

Chevron Philippines Inc. (Caltex) said in an advisory that it will decrease gasoline rates per liter by P1.45, P0.60 diesel, and P1.00 kerosene.

The modifications take impact at 12:01 a.m. October 1st, Tuesday.

Similar modifications were previously announced by Pilipinas Shell Petroleum Corp. and SEAOIL Philippines Inc. Other companies have no announcements yet to make.

Based on the latest available data from the Department of Energy (DOE), year-to-date adjustments show a net increase of P5.51 per liter for gasoline, P4.02 for diesel and P2.01 for kerosene as of September 17, 2019.

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