Oil firms cut prices on Tuesday
Nation
Oil firms cut prices on Tuesday
by Kristan Carag20 June 2023
Motorists queue at a gas station a day before an oil price hike, in Quezon City, Metro Manila, Philippines, June 6, 2022. REUTERS/ Eloisa Lopez
Oil companies enforced a price rollback on Tuesday, June 20.
Local oil firms announced that the prices of gasoline will go down by Php 0.35 per liter, and diesel will drop by Php 0.10 per liter.
Oil companies also cut the price of kerosene by Php 0.30 per liter.
The price cuts come a week after oil companies raised the cost of gasoline by Php 1.20 per liter, diesel by Php 1.40 per liter, and kerosene by Php 1.30 per liter.
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