By Eireene Jairee Gomez,
September 20, 2022
Caltex, Cleanfuel, Petro Gazz, Phoenix Petroleum, Unioil, Seaoil, Flying V and Shell lowered the cost of diesel by P4.15 per liter.
Caltex, Seaoil, Flying V and Shell said they will slash kerosene prices by P4.45 per liter.
The cost of gasoline, which was cut by P0.45 per liter last week, remains the same.
Industry experts said the decline in oil prices in the world market was mainly due to weak demand.
Last September 12, oil firms reduced the cost of gasoline by P0.45 per liter, diesel by P1.45 per liter, and kerosene by P1.70 per liter.
The Department of Energy said the year-to-date net increase has so far reached P16.50 per liter for gasoline, P34.80 per liter for diesel, and P29.90 per liter for kerosene.
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