Motorists get relief, oil prices rolled back

September 30, 2019
Oil Price

FOLLOWING two consecutive weeks of price increases, motorists heaved a sigh of relief after oil firms announced lower pump prices effective today.

Major oil firms Petron Corporation, Pilipinas Shell and Chevron Philippines in separate advisories said effective at 6 a.m. today, they will roll back price of gasoline by P1:45 per liter, diesel by 60 centavos per liter and kerosene by P1.00 per liter.

PTT Philippines, Eastern Petroleum, Seaoil, Total Philippines and Petrogazz will implement the same price adjustments at 6 a.m. today while Unioil Philippines announced a 70 centavos per liter reduction of diesel prices and P1.45 per liter of gasoline.
Energy sources said the latest pump price adjustments reflected the movement of international oil prices.