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Minimal oil price reduction anticipated for June 6

Starting on Tuesday, oil companies will conduct a small price rollback.

Caltex, Cleanfuel, Petro Gazz, PTT, Seaoil, and Shell each said separately that they would reduce gasoline prices by PHP0.60 per liter and diesel prices by PHP0.30 per liter.

Kerosene prices will also be decreased by PHP0.60 per liter by Caltex, Seaoil, and Shell.

Kerosene costs will be reduced for the third week in a row, and for the first time in the previous three weeks, companies will lower gasoline and diesel prices.

Due to pricing changes last week, the cost of gasoline has increased by a net amount of PHP9.60 per liter since the week’s beginning.

On the other side, the cost of fuel and kerosene both decreased by PHP3.05 per liter and PHP0.75, respectively.

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