More oil firms roll back fuel prices

Posted at 11/27/11 11:06 AM

MANILA, Philippines (UPDATED) – Local oil firms have announced a roll back in pump prices to reflect the decline in international product prices.

Shell, Chevron, Petron Corp. and Seaoil will cut prices of unleaded gasoline by P0.80 per liter, regular gasoline by P0.70 per liter, diesel by P1.50 per liter and kerosene by P1.15 per liter.

Shell, Chevron and Seaoil will implement the price cut at 12:01 a.m. on November 28, while Petron will implement the rollback at 6 a.m. on the same day.

Small oil firms were first to announce the roll back on Saturday. – With a report from Alvin Elchico, ABS-CBN News