Diesel, kerosene price rollback effective March 14

Alvin Elchico, ABS-CBN News

Posted at Mar 13 2023 11:41 AM | Updated as of Mar 13 2023 06:34 PM

MANILA - Price adjustments for gasoline, kerosene and diesel will be implemented on March 14, oil firms announced on Monday.

The following price movements will take effect on Tuesday.

PILIPINAS SHELL

Gasoline P1 per liter increase
Kerosene P0.60 per liter rollback
Diesel P0.10 per liter rollback

SEAOIL

Gasoline P1 per liter increase
Kerosene P0.60 per liter rollback
Diesel P0.10 per liter rollback

CLEANFUEL

Gasoline P1 per liter increase
Diesel P0.10 per liter rollback

CALTEX

Gasoline (Platinum and silver) P1 per liter increase
Diesel P0.10 per liter rollback
Kerosene P0.60 per liter rollback

Department of Energy Assistant Director Rodela Romero explained that various factors affecting the prices, with chinese demand increasing pushing prices up and US interest rate hike pulling prices down.

From January, there has already been a net rollback in diesel of P1.00/L and net rollback for kerosene of P1.65/L but gasoline still has a net increase of P6.70/L from the start of the year.

Romero said prices this week will likely see-saw due to different opposing factors so there is no clear trend yet.

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