An oil price rollback on Tuesday will snap the six straight weeks of increase in gasoline prices.
This, as Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil and Shell announced Monday that they will cut gasoline prices by P0.25 per liter and P0.45 per liter on diesel prices.
Caltex, Seaoil and Shell will also slash kerosene prices by P0.95 per liter.
The price rollbacks on petroleum prices on April 30 will start as early as 12:01 a.m.
Other companies are also expected to follow suit.
Data from the Department of Energy (DOE) showed that following the price adjustments last week, year-to-date prices of gasoline, diesel and kerosene stood at a net increase of P10.25, P6.05 and P1.15 per liter, respectively.*PNA
