OIl price hikes, cuts today

November 04, 2019

MOTORISTS were greeted today with another round of fuel price reduction as more oil firms announced oil price rollback effective  6 a.m.

After Petron Philippines announced on Saturday a price cut in diesel products by P0.25 , gasoline and kerosene by P0.10, two other major oil firms -- Pilipinas Shell and Chevron Corporation -- in their separate advisories announced the same price adjustments effective today.

PTT Philippines information officer Jhay Julian said they will also rollback prices of gasoline by P0.10  per liter and gasoline by P0.25  at 6 a.m. today as well as Total Philippines, Unioil Philippines, Eastern Petroleum Philippines, Petro Gazz and Seaoil Philippines.

Julian said the price cuts in oil products reflect movement in the international oil market.