Motorists will be greeted with a rollback in pump prices on Tuesday, January 2 as fuel companies announced downward adjustments.

In separate advisories, local oil firms announced that they will slash per liter of gasoline by PHP 0.10, diesel by PHP 0.35, and kerosene by PHP 1.40.

CleanFuel and Caltex will implement the price adjustments by 12:01 AM, followed by Seaoil and Petro Gazz at 6 AM.

Latest data available from the DOE indicate year-to-date net increases of PHP 12.60 per liter for gasoline, PHP 5.65 per liter for diesel, and PHP 1.24 per liter for kerosene for 2023.