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Phoenix cuts oil prices

Tetch Torres-Tupas

INQUIRER.net

6:22 PM | Friday, April 19th, 2013

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Passers-by walked freely during a traffic-free holiday in front of De La Salle University on Taft Avenue. On Thursday night, authorities raided a strip of bars near DLSU main campus and its sister school, DLSU College of Saint Benilde. About 23 minors were held at the Manila Police District for charges of drinking alcohol and alleged drug-trafficking. Photo by TOTEL V. DE JESUS of INQUIRER.net

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Posters of Pope Benedict XVI are pictured at a gift shop near the St. Peter's Basilica, at the Vatican, Tuesday, Feb. 26, 2013. Slogan between the pictures reads 'Thanks' in Italian. The Vatican on Tuesday answered some of the outstanding questions about Pope Benedict XVI's future once he's retired, saying he'll be known as "emeritus pope" and continue to wear a white cassock. AP/Michael Sohn

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MANILA, Philippines–Phoenix Petroleum Philippines will reduce prices of petroleum products on Saturday.

Prices of premium and unleaded gasoline and regular gasoline will decrease by P1.05 per liter and diesel  by P1.65 per liter effective 6 a.m.

“This is to reflect the continued decline in the prices of refined petroleum products in the international market,” Phoenix Petroleum said in a statement Friday.

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