Oil companies are set to cut prices of their products at the pump tomorrow (Tuesday, July 21) following an upward movement last week.
Based on their respective advisories, Cleanfuel and Shell Philippines will be reducing the price of gasoline by P0.10 per liter, while no adjustments will be made on diesel products.
Aside from that, Shell is also set to decrease the price of kerosene by P0.15 per liter.
Other oil firms are expected to follow suit.
Last week, oil firms jacked up the prices of gasoline by P0.65 per liter, kerosene by P0.40 per liter, and diesel by P0.30 per liter.
Last week (July 7), gasoline went down by P0.65 per liter, ad kerosene by P0.40, while no price movement was seen in diesel.
Since May 5, oil prices increased by at least P10 per liter for gasoline, P8 per liter for diesel, and P9 per liter for kerosene.