OIL companies announced a hefty rollback in prices of petroleum products, reducing the cost of gasoline by 90 centavos per liter and diesel by P1.70 per liter. Kerosene price was also lowered by P1.65 per liter. Phoenix Petroleum first adjusted its fuel prices on Saturday to be followed by Seaoil on Monday at 6 a.m.Petro Gazz and Pilipinas Shell will lower their prices on Tuesday at 6 a.m.

Source: Manila Times January 19, 2020 05:39 UTC