
Oil prices seen to drop this week

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Oil prices seen to drop this week
by Christhel Cuazon06 November 2023
DZRH File Photo
Oil companies announced on Monday a rollback in the pump prices of petroleum products starting Tuesday, November 7, a week after the All Saints' Day and All Souls' Day break.
In separate advisories, Shell, Seaoil, and Caltex anounced that they will slash prices per liter of gasoline by PHP 0.45, diesel by PHP 1.10, and kerosene by PHP 1.05.
Cleanfuel and Petro Gazz will implement the same changes, excluding kerosene which they do not carry.
The adjustments will take effect at 6 AM on Tuesday, November 7, for all the firms except for Cleanfuel, which will adjust its prices at 12:01 AM the same day.
This marks the second straight decrease for diesel and kerosene prices.
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