Gasoline, diesel prices down

Oil firms cut pump prices after two weeks of increases as the United States again reported an increase in its crude oil inventory.

Prices of diesel went down by 55 centavos per liter while those of gasoline went down 35 centavos per liter.

Gasoline with an octane rating of 95 is now in the range of P46.40 to P56.77 while diesel is now at P35.24 to P42. —Ronnel W. Domingo