Oil companies roll back fuel prices slightly

A week after raising prices by more than a peso, oil companies rolled back on Tuesday the pump prices of petroleum products. In separate advisories, firms announced a reduction in the price of gasoline by 35 centavos per liter and diesel by 10 centavos per liter. Kerosene dropped by 30 centavos per liter. Most industry players implemented the price adjustment at 6 a.m. on Tuesday. Last week, the price of gasoline rose by P1.20 per liter, diesel by P1.40 per liter and kerosene by P1.30 per liter.

—Jordeene B. Lagare