Oil firms are set to slash prices of diesel and gasoline by P0.70 per liter and P1.40 per liter, respectively.
Pilipinas Shell Petroleum, PTT Philippines and Eastern Petroleum on Monday announced that they will roll back again the prices of their petroleum products, citing downward price movements of petroleum products in the world market.
Shell said it will reduce the prices of gasoline products VPN+ and VPN+ racing by P1.40 per liter, diesel and VPN+ diesel by P0.70 per liter and kerosene by P0.90 per liter effective at 6 a.m. on Tuesday.
PTT Philippines will roll back pump prices of gasoline products Performa97, Superb95 and Eco93 by P1.40 per liter and diesel by P0.70 per liter at 6 a.m., also on Tuesday.
Eastern Petroleum reduced the price of gasoline by P1.40 per liter and diesel by P0.70 per liter at 6 p.m. on Monday