More oil companies have announced another price reduction effective Tuesday.

Shell, Petro Gazz, and Seaoil said they would reduce prices of gasoline by PHP1.60 per liter and PHP2 per liter for diesel.

Shell and Seaoil will also slash prices of kerosene by PHP2.45 per liter.

Cleanfuel and Phoenix Petroleum already implemented the rollback last weekend.

Diesel and kerosene prices went down for four consecutive weeks, while gasoline prices declined for three straight weeks.

For liquefied petroleum gas (LPG) prices, a PHP2.20-per kilogram rollback was also implemented last weekend.

The big-time price decrements this week reflect the international crude oil prices and contract price of LPG for the month of February. (PNA)