Oil firms to adjust prices starting January 7

Robie de Guzman

MANILA, Philippines — Local prices of petroleum products will be adjusted anew this week.

In separate advisories, Pilipinas Shell Corp. and SEAOIL Philippines Inc. said they will reduce the price of gasoline by P0.10 liter while hiking the prices of diesel by P0.40 and kerosene by P0.30 a liter.

Petro Gazz, Cleanfuel, and Phoenix Petroleum Inc. also announced the implementation of the same charges except for kerosene which they do not carry.

The adjustment in pump prices will take effect on Tuesday, January 7.

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