Major oil price rollback today

MANILA, Philippines — Motorists can expect a hefty rollback at the pumps today, marking the third straight week of cuts for gasoline and fifth for diesel and kerosene.

In separate advisories, Shell, Caltex and Seaoil announced that gasoline will go down by P2.45 per liter, diesel by P1.90 per liter and kerosene by P2.40 per liter.

Petro Gazz, Cleanfuel, PTT Philippines and Jetti would implement the same price adjustments, except for kerosene which they do not offer.

The latest price movements bring the year-to-date total adjustment for gasoline and diesel to a net increase of P7.05 and P4.75 per liter, respectively.

The pump price of kerosene, meanwhile, stands at a year-to-date net decrease of P3.15 per liter.