MANILA, Philippines – Oil companies have announced another price rollback on petroleum products this week to reflect the movement in the international oil market.
In separate advisories, Pilipinas Shell Corporation, Chevron Philippines Inc. (Caltex), and SEAOIL Philippines Inc. said they would slash prices for their gasoline, diesel and kerosene products by P0.35 per liter and P0.70 per liter and P0.75 per liter respectively.
Phoenix Petroleum Philippines and Petro Gaxx will also implement the same price cut except for kerosene which they do not carry.
The oil price rollback will take effect on Tuesday, April 7.
This is the fifth consecutive week that oil firms implemented price cuts.
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