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This week, oil companies are set to lower pump prices following the Organization of the Petroleum Exporting Countries’ (OPEC) decision to increase production.
Shell, Seaoil, and Cleanfuel have announced they will reduce gasoline prices by P0.30 per liter and diesel by P0.90 per liter.
Kerosene prices will also drop by P1.25 per liter. Last week, local oil companies made similar cuts, reducing gasoline by P0.55 per liter, diesel by P0.65 per liter, and kerosene by P0.90 per liter.
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