MANILA, Philippines — Oil companies are set to lower their pump prices on June 11, 2024.

Shell and Cleanfuel said that they will cut gasoline prices by P0.60 per liter and diesel by P1.20 per liter. Shell said the cost of kerosene will go down by P1.30 per liter.

Last week, oil companies lowered the prices of gasoline by P0.90 per liter but raised the cost of diesel and kerosene by P0.60 per liter and P0.80 per liter, respectively.