Fuel firms to cut prices for first time in 2022; diesel to go down by P11.45 per liter

MANILA, March 21 ------ Oil firms will cut fuel prices for the first time in 2022 following price hikes which lasted for 11 weeks. The following price rollback will be implemented on March 22:

PILIPINAS SHELL

• Gasoline = P5.45 per liter

• Kerosine = P8.55 per liter

• Diesel = P11.45 per liter

CALTEX

• Gasoline (platinum, silver variants) = P5.45 per liter

• Diesel = P11.45 per liter

• Kerosine = P8.55 per liter

SEAOIL

• Gasoline = P5.45 per liter

• Diesel = P11.45 per liter

• Kerosine = P8.55 per liter

PETRO GAZZ

• Diesel = P11.45 per liter

• Gasoline = P5.45 per liter

Diesel prices rose by as much as P12 last week as global benchmark prices skyrocketed due to the ongoing tension between Russia and Ukraine. Russia is among the world's biggest oil producers. The energy department earlier said the prices of diesel and gasoline were expected to go down by P12 and P6 this week.

Source: news.abs-cbn.com