Shell, PTT to slash pump prices
MANILA (UPDATE) -- Pilipinas Shell Petroleum Corp. and PTT Philippines will be reducing the prices of their petroleum products on Monday, September 23.
Shell said it would cut prices of its gasoline by P0.70 per liter, diesel by P0.90 per liter, and kerosene by P1 per liter effective 12:01 a.m.
Meanwhile, PTT Philippines will lower its pump prices by P0.70 per liter on gasoline and P0.90 per liter on diesel also effective 12:01 a.m.
"[This is] to reflect movements of prices in the world market and a stronger peso," PTT Philippines said in an advisory. -- With a report from Alvin Elchico, ABS-CBN News