Oil firms to cut fuel prices Tuesday

Posted at 05/12/2014 2:03 PM | Updated as of 05/12/2014 5:14 PM

MANILA (UPDATE) – Several oil companies announced on Monday that it will be slashing prices of its fuel products on Tuesday, May 13.

Petron Corp., Pilipinas Shell, PTT Philippines and SEAOIL said prices of its gasoline products will be rolled back by P0.85 per liter; kerosene by P0.55 per liter; and diesel by P0.55 per liter.

The rollback for these oil firms will be effective 12:01 a.m., Tuesday.

Phoenix Petroleum, meanwhile, will reduce prices of gasoline by P0.85 per liter and diesel by P0.55 per liter effective 6 a.m., Tuesday.