Shell to slash fuel prices

Posted at 08/27/10 6:36 PM

MANILA, Philippines - Oil giant Pilipinas Shell will cut prices of its petroleum products by P0.50 per liter on Saturday.

Shell will roll back prices of its gasoline, diesel and kerosene products effective 12:01 a.m. Saturday.

Company vice president for communications Roberto Kanapi said this is to reflect the decline in international contract prices.

Meanwhile, the LPG Marketers Association may hike liquefied petroleum gas prices by up to P2 per kilogram on Tuesday, August 31. - Report from Alvin Elchico, ABS-CBN News