The country’s oil firms raised the price of gasoline by P0.20 per liter but reduced that of diesel and kerosene by P0.10 and P0.15 per liter, respectively.
The oil firms adjusted pump prices starting Tuesday to reflect the movement of oil prices in the world market last week.
They also increased the price of cooking gas by P0.30 per kilo and auto LPG by P0.20 per liter at the same time.
“These reflect movements in the international contract prices of LPG for the month of March,” Petron said in its advisory.
Among the oil firms who issued their respective advisories are Pilipinas Shell Petroleum Corp., Petron Corp., Seaoil Philippines, PTT Philippines, Unioil Philippines, among others.
Last week, the oil firms raised the price of diesel and gasoline by P1.30 and P0.95 per liter, respectively.
Oil prices continues to go down due to oversupply concerns especially from the US inventories and while traders wait for the oil-producing countries to freeze crude production at January levels.