Oil companies to roll back pump prices

Posted at 09/24/12 4:03 PM

MANILA, Philippines (4TH UPDATE) - Oil companies announced a rollback in prices of oil products. 

Shell, Petron, Seaoil and Flying Oil will cut prices of unleaded gasoline by P0.80; kerosene by P1.20; diesel by P0.65; and regular gasoline by P1.40. 

Eastern Petroleum said it is also lowering prices of its products. It is slashing prices of unleaded gasoline by P0.80 per liter; P0.90 for kerosene; P0.65 for diesel and P1 for regular gasoline. 

The price reductions will take effect at 12:01 a.m., Tuesday. 

On the other hand, Total said it will roll back pump prices at 6 a.m. on Tuesday. It will cut unleaded gasoline by P0.80 per liter, diesel by P0.65 per liter and regular gasoline by P1.40 per liter.