Oil firms reduce prices

August 12, 2019

EFFECTIVE today (Tuesday), major and independent oil firms will implement a rollback on prices of petroleum products.

Pilipinas Shell, Petron Corporation and Chevron Philippines in their separate advisories, said they will reduce the prices of their diesel products by P1.10 centavos per liter, gasoline by P0.50 centavos per liter and kerosene by P1.30 centavos per liter effective at 6 a.m. today.

Independent oil players PTT Philippines, Petro Gazz, Flying V, Eastern Petroleum, Unioil Philippines and Jetty oil also announced the same price adjustments of their gasoline and diesel today at 6 a.m.

Most of the small oil players do not sell kerosene products.

Earlier, Phoenix Petroleum Philippines and Clean Fuel started to implement the same price rollback of their petroleum products which took effect last Saturday and Sunday respectively.

The latest price adjustments reflect movements in the international oil markets.