Manila, June 22 -- The Department of Energy (DOE) announced a big-time price rollback in fuel prices beginning Tuesday.

Data released by the DOE on Monday showed that for this week, gasoline prices are set to decline between PHP3.90 to PHP5.90 per liter, while diesel will also decline by PHP9.04 to PHP11.04 per liter.

Kerosene prices, meanwhile, will also be slashed by PHP9.82 to PHP11.82 per liter.

In an advisory, Seaoil said it will cut diesel prices by PHP9.04 per liter, gasoline by PHP3.90 per liter, and kerosene by PHP9.82 per liter.

Shell said it will also reduce gasoline prices by PHP3.90 per liter, kerosene by PHP11 per liter, and diesel by PHP9.04 per liter.

"The adjustments today reflect last week's market," Energy Secreta...