Oil prices drop for 6th week in a row

By: 5 years ago

MANILA, Philippines — Pump prices fell for the sixth week straight, albeit at smaller amounts as the crude oil debacle showed signs of abating.

Pilipinas Shell, Seaoil, Phoenix Petroleum, Total and PTT cut prices of diesel by 70 centavos per liter and of gasoline by 35 centavos per liter.

Shell and Seaoil also lowered the price of kerosene by 75 centavos per liter.

The latest price cut brought down the price of diesel by a total of P9.80 per liter, gasoline by P12.70 per liter and kerosene by P13.25 per liter. —Ronnel W. Domingo