• Oil companies to roll back prices on Sunday

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    AT least two oil companies on Saturday announced that they would slash prices of fuel across-the-board on Sunday.

    In their separate text advisories, Petron Philippines and Pilipinas Shell said that they would cut P.60 per liter for gasoline and diesel and P.70 per liter for kerosene.

    This as Petron will implement the same price rollback in Cebu and Bohol. Shell, for their part, have different amount; they would decrease the pump price for gasoline by P0.60 per liter, P0.50 for kerosene and P.25 per liter on diesel.

    Petron explained that the movement “reflects movements in the international oil market.”

    Other oil firms have yet to announced their movement shortly after midnight Sunday (November 10).

    On November 5, Petron increased the prices of diesel by P.35 per liter and for kerosene, P.20 per liter. However, they retained the price for gasoline.

    The price hike excludes Bohol and Cebu.

    Prior to that, two companies jacked up the the price of liquified petroleum gas (LPG) to welcome the month of November.

    Petron informed tht they have jacked up prices of LPG prices by P2.15 per kilogram (VAT and autoLPG by P1.34 per liter since November 1 while Total Philippines stated that they have raised the price of LPG by the cylinder by P2.70 per kilogram.

    The adjustments, Petron claimed, reflects “movements in international LPG contract prices for the month of November.” RUBEN MANAHAN 4TH

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