7 months Hefty cut for gas prices; little for diesel, kerosene MB |Biz
By Myrna M. Velasco The country’s oil companies have started announcing price cuts over the weekend at a range of P0.95 to P1.00 per liter for gasoline products, but there had been increases of P0.10 per liter for diesel; and P0.15 per liter for kerosene products. (MARK BALMORES / MANILA BULLETIN) Maverick oil firm Phoenix Petroleum Philippines, Inc. kicked off price rollbacks for gasoline products on Sunday (July 28) effective 6 a.m., implementing a more generous reduction of P1.00 per liter. The Uy-led firm’s announcement was followed by Pilipinas Shell Petroleum Corporation, but with a leaner rollback of P0.95 per ... more