Oil firms to cut prices by P0.50-P1/ liter Friday
Good news for motorists this weekend as both major and independent oil players have announced another round of oil price rollbacks as a result of the continuous decline in world crude prices.
Major oil players Pilipinas Shell, Petron Corporation, and Chevron Philippines (formerly Caltex) have announced a P1 per liter cutback on its diesel, kerosene, and gasoline products effective 12:01 a.m. Friday.
Shell made the announcement through its vice president for communications Roberto Kanapi, Petron through its spokesperson Virginia Ruivivar, and Chevron through communications manager Toby Nebrida.
Eastern Petroleum will also be implementing another P0.50 per liter rollback on the same oil products at 12:01 a.m. Friday, bringing the independent oil player’s total rollback this week to P1 per liter, said its president Fernando Martinez.
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