Following three weeks of price hikes for gasoline, oil companies are planning to lower pump prices for petroleum products on Tuesday, June 6, 2023.

Pilipinas Shell Petroleum Corp. said that the price of gasoline will be reduced by P0.60 per liter, diesel by P0.30, and kerosene by P0.60. Customers who have been experiencing pressure at the pump should benefit from the price decrease.

Similarly, Cleanfuel will implement pricing changes on Tuesday, including decreases in gasoline and diesel costs. It should be noted, however, that Cleanfuel does not provide kerosene in its product line.

The new Shell pricing will take effect at 6 a.m. Cleanfuel’s changes will take effect at 12:01 a.m. on Tuesday. On the same day. This week, other oil corporations have yet to make similar announcements.

According to the most recent DOE information, as of May 23, 2023, gasoline had a net gain of P5.00 per liter, diesel had a net decrease of P5.05 per liter, and kerosene had a net decrease of P6.40 per liter.