Gasoline price down by about P1/L but diesel, kerosene up slightly

OIL companies announced a reduction in the price of gasoline by about a peso per liter but slightly increased those of diesel and kerosene by 15 centavos and 10 centavos per liter, respectively.

Phoenix Petroleum adjusted its fuel prices on Sunday at 6 a.m., while Petro Gazz and Pilipinas Shell will follow on Tuesday at the same time.