Oil firms to lower pump prices

MANILA, Philippines — Oil companies are set to lower pump prices this week.

Shell and Seaoil said that they will cut gasoline prices by P1.15 per liter and diesel by P1.90 per liter.

Kerosene prices will go down by P1.85 per liter.

The price adjustments will be implemented on Tuesday, August 27, 2024.

Last week, oil companies raised the prices of gasoline and kerosene by P1 per liter and diesel by P1.20 per liter.