Phoenix cuts oil prices

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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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