Friday, March 15, 2013

Rollback of Philippine Fuel Price

At least four oil companies announced on Friday to implement rollback on their petroleum products for the fourth consecutive weeks.

In separate advisories, big oil players Petron Corporation, Pilipinas Shell, Chevron Philippines (formerly Caltex) and small oil player Eastern Petroleum Philippines announcing price cuts of P0.45 per liter for Unleaded, Premium and Kerosene, and on diesel by P0.40 per liter which would take effect at 12:01 a.m. Saturday.

The oil companies also said that there were no price adjustments for regular gasoline.

The price rollback is due to reflect movements in the international oil market.

Other oil companies have yet to announce their respective movement on their products.

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