OIL companies on Sunday slashed pump prices, citing movement of crude cost in the world market.
Pilipinas Shell, Petron Corp., Chevron, PTT Philippines and Seaoil implemented the rollback at 12:01 a.m., Sunday.
Pilipinas Shell, Petron Corp., Chevron and Seaoil reduced prices of kerosene by P1.60 per liter.
PTT Philippines together with the so-called Big 3–Pilipinas Shell, Petron Corp. and Chevron–lowered diesel price by P1.55 per liter and Seaoil by P1.65 per liter.
For gasoline, Chevron, Petron, PTT and Seaoil cut prices by P1.20 per liter and Shell by P1.10 per liter.
This is the second time that oil firms cut prices for this month, the first on Tuesday last week.