Big-time oil price rollback set on May 7

MANILA, Philippines — Oil firms are set to implement a rollback in pump prices on Tuesday, May 7. 

In separate advisories, CleanFuel, SeaOil, PetroGazz and Shell announced the following price adjustments scheduled for Tuesday:

Last week, oil companies implemented mixed adjustments in pump products. Diesel prices were cut by P0.45 per liter while gasoline prices increased by P0.25 per liter.

Kerosene prices also saw a decrease of P0.90 per liter last week.

SeaOil, PetroGazz and Shell oil price adjustments will take effect at 6 a.m. on Tuesday, while price adjustments for CleanFuel will be implemented at 4:01 p.m. on the same day.

Other oil firms have yet to announce their price adjustments.