Sharp drop in fuel prices of up to P3.60 a liter set this week

INQUIRER FILE PHOTO

MANILA, Philippines – Motorists can expect significant reductions in petroleum product prices this Holy Week, as oil companies announced a rollback of up to P3.60 a liter.

In separate advisories on Monday, Seaoil and Shell Pilipinas said gasoline prices will drop by P3.60 a liter starting Tuesday.

Diesel and kerosene prices will also be slashed by P2.90 and P3.30 a liter, respectively.

This marks the second consecutive week of price cuts since US President Donald Trump imposed higher tariffs on almost all imports, which analysts have said could result in a global economic slowdown.