Oil firms slash gas prices by P1.20/liter

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Petron, Pilipinas Shell, Chevron and Seaoil will slash the prices of their gasoline by P1.20 per liter effective 12:01 a.m. today.

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They will also cut the prices of their diesel by as much as 25 centavos per liter and kerosene by 20 centavos per liter.

Phoenix Petroleum will implement the same price rollback at 6 a.m. also today.

The recent adjustment in pump prices was due to the movement of crude in the international market.

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