MOTORISTS will again have a slight reprieve this week, as firms yesterday announced another round of pump price rollbacks to mark the second straight week of downward price adjustments.
In an advisory, Petron Corp. and Shell Pilipinas Corp. said they will lower prices per liter of gasoline by P0.30, diesel by P0.90, and kerosene by P1.25.
The adjustments will take effect at 6 a.m. today.
Other firms have yet to make similar announcements for the week as of press time.
The Department of Energy – Oil Industry Management Bureau (DOE-OIMB) earlier projected downward adjustments this week, with over P1 per liter decreases for both diesel and kerosene, citing the decision of the Organization of the Petroleum Exporting Countries (OPEC) to increase June production levels, and the uncertainty over the outcome of trade talks between the United States and China.
Firms last week rolled back prices of gasoline by P0.55, diesel by P0.65, and kerosene by P0.90.
This brought year-to-date adjustments to a net increase of P3.13 per liter for gasoline and P3 per liter for diesel, and a net decrease of P2.00 per liter for kerosene as of May 6, 2025. (GMA Integrated News)
