Oil companies are set to implement price adjustments effective 6 a.m. on Tuesday.
In an advisory Monday, Seaoil and Flying V said it will increase gasoline price by PHP0.80 per liter but reduce diesel price by PHP0.30 per liter and kerosene by PHP0.20 per liter.
Over the weekend, Petron Corporation announced the same price adjustments.
“These reflect movements in the international oil market,” Petron said.
Petro Gazz followed suit, slashing its gasoline price also by PHP0.80 per liter but reduction on the price of its diesel is lower at PHP0.15 per liter. (PNA)