• Oil firms slash prices again

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    OIL companies slashed their pump prices on Tuesday, the third price rollback this month.

    Phoenix Petroleum, Shell, PTT and Petron lowered the price of gasoline by 70 centavos per liter and diesel by
    10 centavos per liter at 6 a.m.yesterday. They also cut kerosene prices by 15 centavos per liter.

    Flying V and Seaoil meanwhile implemented the same price cut at 12:01 a.m.

    On June 12, gasoline prices decreased by 80 centavos per liter, kerosene by P1.20 per liter and diesel by 95 centavos per liter. A price cut was also implemented on June 6, when the cost of diesel went down by 90 centavos per liter, gasoline by 55 centavos per liter and kerosene by 90 centavos per liter.

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