Fuel firms implement pump price cut today

Oil firms are set to roll back the pump prices of petroleum products today, marking the second straight week of downward adjustments for diesel and kerosene.

In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. said they will reduce prices per liter of gasoline by P1.20, diesel by P1.85, and kerosene by P2.00.

Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.

The changes will take effect at 6 a.m. on Tuesday, March 21, for all the firms except for Cleanfuel which will adjust prices at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week.