Oil companies cut pump prices anew
MANILA, Philippines — Pump prices fell further after crude oil prices last week went through another price crash. Pilipinas Shell, Seaoil, PTT, and Phoenix Petroleum cut prices of diesel by P1.80 per liter and of gasoline by 20 centavos per liter, effective 6 a.m. on April 28.
Shell and Seaoil also slashed prices of kerosene by P2.15 per liter.
Amid a lack of storage facilities and anemic demand, Brent crude prices fell by 20 percent.
Article continues after this advertisement
As of this writing, Brent crude oil futures were trading at $20.56 per barrel, sliding from $25.57 per barrel a week earlier.
FEATURED STORIES
Latest available data for Dubai crude oil futures shows a price of $28.11 per barrel as of April 17, easing from $31.22 per barrel last April 13.
—Ronnel W. Domingo
Your subscription could not be saved. Please try again.
Your subscription has been successful.
READ NEXT
EDITORS' PICK
