AFTER three weeks of price hikes, oil companies will implement a hefty price rollback on Tuesday. Petron, Pilipinas Shell, Phoenix Petroleum, Seaoil, PTT Philippines, Eastern Petroleum, Total and Flying V announced that they will cut the prices of diesel and gasoline by 90 centavos per liter and 55 centavos per liter, respectively. Petron, Pilipinas Shell, Seaoil and Flying V will also slash the price of kerosene by 90 centavos per liter. The price adjustment will take effect at 6 a.m. on Tuesday. Seaoil and Flying V will adjust their pump prices at 12 midnight.

Source: Manila Times June 05, 2017 16:07 UTC