Gasoline prices down P0.10/liter; diesel, kerosene up

Starting Tuesday, July 29, gasoline prices will decrease by P0.10 per liter, while diesel and kerosene prices will increase by P0.60 and P0.40 per liter, respectively.

Several oil companies, including Jetti Petroleum, Seaoil, Petron, Caltex, and Shell Pilipinas, are deferring diesel price increases in selected typhoon-affected areas.

These price freezes on diesel are implemented in regions such as the National Capital Region, Ilocos Region, Cagayan Valley, and various provinces including Pangasinan, Pampanga, and La Union.

The Department of Energy attributes this week's price adjustment to a decline in US crude inventories, signaling strong refinery activity.

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