Oil firms slash diesel, kerosene prices

Posted at 03/11/09 9:24 AM

Oil companies on Wednesday morning rolled back the prices of diesel and kerosene products by P50 per liter.

Pilipinas Shell, Petron and Chevron slashed P.50/liter on the prices of their diesel and kerosene products at 12:01 a.m.

Small players Total and Unioil Petroleum Philippines Inc. implemented a similar price adjustment at 6 a.m.

PTT, meanwhile, announced that it is cutting the prices of its diesel products by P.50 while Seaoil said it is adjusting the prices of its kerosene products.