Major fuel price cuts continue in the Philippines as Shell and Seaoil announce significant reductions across all petroleum products.

Major fuel price cuts continue in the Philippines as Shell and Seaoil announce significant reductions across all petroleum products. Diesel prices will drop by P24.94 per liter, gasoline by P3.41 per liter, and kerosene by P2.00 per liter, effective Tuesday, April 21. This marks the second consecutive week of price decreases at the pump, following last week's substantial cuts of P23 per liter for diesel, P6.50 for gasoline, and P8.50 to P11.50 for kerosene. The sustained price reductions signal easing global crude oil costs, providing relief to consumers and businesses dependent on fuel for operations and transportation. Market analysts attribute the downward trend to softer international oil prices, which directly impact domestic fuel costs in the Philippines.