2nd round of price cut for gasoline, kerosene

November 15, 2021 Edd Reyes 97 views

LOCAL oil firms implemented their second round of price cut for gasoline and kerosene products, but no movement on prices for diesel effective Tuesday.

At 6 a.m., major oil companies Pilipinas Shell and Petron Corporation imposed a P0.90 per liter price cut on gasoline products and P0.10 per liter on kerosene while Chevron Philippines implemented the same price adjustments much earlier at 12:01 a.m.

Independent oil firms PTT Philippines, Total Philippines, Seaoil, Unioil Philippines, Petro Gazz and Phoenix Petroleum also announced the same price rollback for their gasoline products but there will be no movement for diesel effective at 6 a.m. while Clean Fuel at 8:01 a.m.

PTT Philippines Communication Officer Jhay Julian said the second round of price rollback for gasoline and kerosene products mainly reflect movements in the international oil market.