MANILA, Philippines — Local oil firms shaved 10 centavos per liter off the pump price of gasoline but kept the price of diesel unchanged as the pandemic continued to threaten rebound ambitions in the global oil market.
Shell, Seaoil, Cleanfuel, announced Monday that the adjustments would take effect at 6 a.m. on Tuesday.
Shell and Seaoil also raised pump prices of kerosene by 15 centavos per liter.
The Asian benchmark Dubai crude was pegged at $43.30 per barrel as of July 16, up from $42.79 per barrel a week earlier.
—Ronnel W. Domingo
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