Oil companies to cut petroleum prices

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PRICES of petroleum products will go down starting Tuesday.

Petron Philippines, Pilipinas Shell, Chevron, PTT Philippines and Phonenix Petroleum on Monday simultaneously announced the price rollback effective 12:01 a.m. today. They would reduce prices of gasoline and diesel products by 40 centavos per liter.

Shell, Chevron and Petron will also be cutting down prices of kerosene by 50 centavos per liter.

The price adjustment was due to movements in the international oil market.


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