OIL companies declared that they will implement similar price rollbacks on petroleum products.
This is according to advisories provided by oil companies such as Clean Fuel, Seaoil, PetroGazz, PTT Philippines, Caltex and Shell.
There will be a price rollback of P0.85 per liter of gasoline and P1.20 for every liter of diesel
Only Seaoil and Caltex will implement a price rollback of P1.30 per liter of kerosene.
The rollback of Caltex will take effect starting 12:01 am of November 23 while Petrogazz, PTT Philippines, Seaoil and Shell will implement their price reduction starting 6 am tomorrow, and CleanFuel will start their price rollback at 8:01 am tomorrow morning.
The reduction in prices of gasoline, diesel and kerosene was brought about by oil price movements in the international market.