MANILA - Oil firms will cut fuel prices for the first time in 2022 following price hikes that lasted for 11 weeks.

The following price rollbacks will be implemented on March 22:

PILIPINAS SHELL

• Gasoline = P5.45 per liter
• Kerosene = P8.55 per liter
• Diesel = P11.45 per liter

JUST IN!

First time ngayong 2022!!!
*******
Price adjustments of Pilipinas SHELL on March 22, 2022, 6am.

Gasoline P5.45/L⬇️(rollback)
Kerosene P8.55/L⬇️(rollback)
Diesel P11.45/L⬇️(rollback)

— alvin elchico (@alvinelchico) March 21, 2022

CALTEX

• Gasoline (platinum, silver variants) = P5.45 per liter
• Diesel = P11.45 per liter
• Kerosene = P8.55 per liter

SEAOIL

• Gasoline = P5.45 per liter
• Diesel = P11.45 per liter
• Kerosene = P8.55 per liter

PETRO GAZZ

• Diesel = P11.45 per liter
• Gasoline = P5.45 per liter

TOTAL

• Diesel = P11.45 per liter rollback
• Gasoline = P5.45 per liter rollback

PTT
• Gasoline = P5.45 per liter rollback
• Diesel = P11.45 per liter rollback

Diesel prices rose by as much as P13 last week as global benchmark prices skyrocketed due to Russia's invasion of 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.

Refresh this page for updates.

-- with a report from Alvin Elchico, ABS-CBN News

• Diesel prices seen to go up by P12/liter next week in another huge oil-price hike

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