Oil companies roll back pump prices

Local oil companies reduced the pump prices of their petroleum products by as much as P1.80 per liter on Tuesday, a week after their prices went up. In separate advisories, oil companies announced decreases in the prices per liter of gasoline by P0.70, diesel by P1.30, and kerosene by P1.80. Cleanfuel and Caltex implemented the lower fuel prices at 12:01 a.m. on Tuesday, followed by Seaoil, Unioil and Petro Gazz at 6 a.m. Last week, gasoline price rose by P0.90 per liter and diesel, P1.05. The price of kerosene decreased by P0.25 per liter.

—Meg Adonis