Gasoline, kerosene price cuts implemented today

  • Written by Jeffrey C. Tiangco
  • Published in Metro
  • Read: 132

OIL companies implemented another round of oil price rollback only in gasoline and kerosene which
motorists described as crumbs effective today.

Pilipinas Shell, Petron Philippines, two of the oil giants in the country, Flying V, Phoenix
Petroleum, PTT, Eastern Petroleum, Seaoil, five of the so-called independent oil industry player,
spearheaded the announcement of rollback in prices of their petroleum products of P0.25 per liter in
pump prices of their gasoline and P0.15 in kerosene.
Flying V and Seaoil, said rollback of prices in their petroleum products took effect at 12:01
a.m while the adjustment of prices of oil products of the rest of said oil companies took effect at 6
a.m. today.
The rollback, the second for gasoline for this month, was allegedly due to movement of oil
prices in the work market.