Shell, Seaoil, PTT, Eastern, Flying V and Caltex announced reductions of P2 per liter of diesel and P2.30 per liter of gasoline, effective 6 a.m. on Tuesday. ADVERTISEMENTPhoenix Petroleum made the biggest price cut for gasoline of P2.50. Shell, Seaoil, Flying V and Caltex reduced prices of kero-sene by P1.85 per liter. The price of diesel has gone down by a total of P5.05 and that of gasoline by P7.50 per liter. Increased outputAnalysts attributed the slump to a move among crude oil producers, led by Saudi Arabia, to increase output last month.

Source: Philippine Daily Inquirer November 12, 2018 21:33 UTC