Oil firms slash pump prices

Posted at 01/12/2014 8:23 AM | Updated as of 01/12/2014 1:38 PM

MANILA, Philippines – (UPDATE 4) Oil firms Petron, Pilipinas Shell, SEAOIL and PTT Philippines have announced a rollback on the prices of their pump products effective Monday, January 13.

All four oil firms will roll back gasoline prices by P 0.85 per liter, and diesel prices by P 0.90 per liter. Petron, Pilipinas Shell and SEAOIL  will also cut their kerosene prices by P 1.10 per liter.

The price changes for all three oil firms will take effect at 12:01 a.m. tomorrow.

The price roll back reflects the movements in the international petroleum market.