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Oil Companies in the Philippines Cut Fuel Price

Started by MikeLigalig.com, April 10, 2012, 07:36:43 PM

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MikeLigalig.com

April 10, 2012, 07:36:43 PM
by pna

Oil companies have reduced the prices of their petroleum products by P0.30 to P0.50 per liter effective Tuesday.

Pilipinas Shell, Petron Corp. and Total Philippines cut prices of diesel by P0.50 per liter, kerosene by P0.40 and regular gas by P0.30.

But they raised prices of their unleaded gasoline by P0.30 per liter.

Small industry players Seaoil and Phoenix Petroleum followed suit as they implemented similar price adjustments.

Other oil firms have yet to announce any adjustment in their prices.

The new price adjustment reflect price movements in the world oil prices.

As of Monday, the price of diesel in Metro Manila averaged P47 per liter while gasoline and kerosene at P57.
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