Philippine oil firms to cut pump prices on June 23, with diesel down P9.04 per liter

Several oil companies in the Philippines said they will sharply cut fuel prices on June 23. Diesel will fall by P9.04 per liter, gasoline by P3.90 per liter, and kerosene by P11.00 per liter. The Department of Energy said this week’s reductions are expected at P9.04–P11.04 per liter for diesel and P3.90–P5.90 per liter for gasoline.