OIL companies announced price reduction in their petroleum products starting Tuesday.

However the said rollback is not enough to offset the hikes implemented throughout the year so far.

In separate advisories, Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. noted that they will lower prices per liter of gasoline by P0.70, diesel by P0.95, and kerosene by P1.10.

Meanwhile, Cleanfuel will implement the same changes, except for kerosene which it does not carry.

It will be effective at 6 a.m. on Tuesday, February 27.

Cleanfuel will cut prices at 12:01 a.m. the same day.

Other firms have yet to make similar announcements for the week as of posting time.