More fuel price cuts | Inquirer News

More fuel price cuts

By: - Reporter / @amyremoINQ
/ 05:20 AM August 15, 2011

Two more local oil companies slashed the prices of gasoline by P1.50 a liter and of diesel and kerosene by P1.70 a liter following a steep drop in the price of oil in the international market.

Petron Corp. and Chevron Philippines implemented the rollbacks effective Monday (today).

Seaoil also announced it was rolling back its prices by P1.85 per liter of diesel, kerosene and regular gasoline, and by P1.75 per liter of premium and unleaded gasoline today.

ADVERTISEMENT

Oil firms Eastern Petroleum and Flying V Philippines made their price adjustments last Saturday while Total Philippines and Phoenix Petroleum Philippines followed suit on Sunday.

FEATURED STORIES

Prior to the rollback, the oil companies slashed prices on Tuesday last week by P1 a liter for gasoline and 75 centavos a liter for diesel and kerosene.

Late last week, Energy Secretary Jose Rene D. Almendras warned oil companies to cut fuel prices by P2 a liter by Monday or face investigation by the Department of Justice.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Petron Corp.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

News that matters

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.